Tuesday, June 21, 2011

Business wants clarity on nationalization

By Lelethu Mquqo
21 June 2011


Business Unity South Africa says the current tone of the public debate around the nationalisation of land, banks and the mining industry weakens South Africa’s ability to attract the direct investment both local and foreign.

Busa says investment is required to grow South Africa’s economy and to create jobs.

The organisation says it has noted President Jacob Zuma’s repeated assurances that nationalisation is neither a policy of the government, nor that of the ruling party.

But it wants government to show much greater leadership to speedily bring certainty to the issue.

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