Growth, Transformation & Employment

Decoration Element

Inclusive Growth

BUSA acknowledges that both the pace and depth of inclusive economic transformation has been insufficient. BUSA believes that urgent steps are required to be taken by business in collaboration with government, organised labour and civil society to boost growth and engender change that will transform the economy and benefit the majority of South Africans.

Transformation, particularly black economic transformation, is a critical enabler for growth. BUSA has identified critical elements required to activate and accelerate transformation:

  • Enable a transformative culture in business
  • Demand-led skills development
  • Enterprise development support
  • Employment promotion – particularly of youth
Decoration Element

Economic Transformation

BUSA acknowledges that both the pace and depth of inclusive economic transformation has been insufficient. BUSA believes that urgent steps are required to be taken by business in collaboration with government, organised labour and civil society to boost growth and engender change that will transform the economy and benefit the majority of South Africans.

Transformation, particularly black economic transformation, is a critical enabler for growth. BUSA has identified critical elements required to activate and accelerate transformation:

  • Enable a transformative culture in business
  • Demand-led skills development
  • Enterprise development support
  • Employment promotion – particularly of youth
Decoration Element

Employment

Low levels of employment in South Africa are a result of low growth and lack of transformation. BUSA believes that if constraints to growth can be addressed, and transformation can be accelerated, then employment opportunities will grow.

A key constraint to employment is the education and skills system. The basic education system and post-school education require serious attention to address the apartheid legacy that persists and is manifested through the many schools that are inadequately equipped with the necessary human resources and infrastructure. Likewise, the higher education system can be enhanced to deliver current and future skills required for a growing and diverse economy. Businesses can actively participate at a business, sector, and national level in driving a more demand-led approach to skills development. A strong future focus is required, so that South Africa can be positioned to the advantage of emerging opportunities in the world of work.