A group of Chief Executive Officers has urged President Cyril Ramaphosa to act urgently and decisively to accelerate economic growth in South Africa.
The president met with the leaders on Thursday to discuss how business and government could work together to address the urgent socio-economic challenges facing the country.
The CEO's emphasised that while progress was being made on addressing corruption and state capture, the combination of near-zero economic growth, high levels of unemployment and escalating violence represented a crisis.
They called on Ramaphosa to act urgently and assured him that the private sector was willing to take hands with the government to address the challenges.
The CEOs highlighted that unless economic growth accelerated rapidly, poverty, unemployment and social instability would continue to worsen, and in addition, the current fiscal trajectory - and the country's last investment-grade rating from Moodys, was unsustainable without higher levels of economic growth.
- African News Agency
