Business In The News South Africa

Statement from Business Leadership South Africa on the Credit Rating Agencies

JOHANNESBURG, November 25 – The current government “seems to derive joy at scoring own goals”, with the announcements by S&P Global to downgrade South Africa’s currency rating and Moody’s Investors Service to place the country on “downgrade review” representing a fresh setback for South Africa, Business Leadership South Africa (BLSA) said on Saturday. “It will […]

Business In The News South Africa

Business Leadership SA reveals business contribution of R1.9 trillion to GDP

JOHANNESBURG, November 20 – Business Leadership South Africa (BLSA) chief executive, Bonang Mohale, revealed on Monday that business contributed R1.9 trillion to the country’s GDP, employing seven times more people than government. “We are saying business is the answer, not the enemy. Business is going to play its goal irrespective of assistance of government and […]

Business In The News South Africa

Business Leadership SA urges new SAA board to restore financial stability

JOHANNESBURG, October 20 – Business Leadership South Africa (BLSA) on Friday urged the new board of embattled South African Airways (SAA) to work tirelessly in restoring the financial stability of the airline and implement transformation plans. BLSA chief executive Bonang Mohale said that the new SAA board must “root out” reported corruption at the airline. […]

Business In The News South Africa

Business Leadership SA appoints new head of policy and legislation

JOHANNESBURG, October 12 – Business Leadership South Africa (BLSA) has appointed a black female attorney, Tebele Makhetha, as its director for policy and legislation effective from November 1 this year. BLSA is the business body representing more than 70 of the country’s largest companies and multinationals. Makhetha will be responsible for ensuring compliance with relevant legislation […]

Business In The News South Africa

Eskom notes suspension of Business Leadership SA membership

JOHANNESBURG, September 28 – Power utility, Eskom, on Thursday, said it noted a decision by Business Leadership South Africa (BLSA) to suspend its membership with immediate effect over allegations of “state capture”.  “Eskom has noted Business Leadership SA’s (BLSA’s) decision to suspend the company’s membership with immediate effect,” the power utility said in a statement. […]

Business In The News South Africa

Thulasizwe Mbele appointed head of strategy of Business Leadership SA

JOHANNESBURG, September 26 – Business Leadership South Africa (BLSA) announced on Tuesday the appointment of marketing guru Thulasizwe Mbele as its new head of strategy with immediate effect. This comes as BLSA’s new leadership team continues to take shape following the appointment of Bonang Mohale as chief executive in June, and Themba Maseko as communications director in […]

In The News South Africa

Business Leadership SA suspends KPMG

JOHANNESBURG, September 22 – The Board of Business Leadership South Africa (BLSA) has decided to suspend the membership of KPMG (SA) pending the outcome of an independent investigation into the organisation’s involvement in conduct related to “state capture” in South Africa. BLSA said in a statement on Friday that the move follows a process of engagement […]

Business In The News South Africa

Business Leadership SA welcomes KPMG leadership exit

JOHANNESBURG, September 15 – Business Leadership South Africa (BLSA) has welcomed the leadership reshuffle at audit firm KPMG South Africa and the firm’s willingness to act decisively following controversy over audits and reports. This comes as Trevor Hoole tendered his resignation on Friday as the chief executive KPMG South Africa following a storm created by the work the firm did […]