Partnership with Business shows that we are Better Together

The remarkable progress achieved in the partnership between government and business over the last nine months demonstrates the effectiveness of collaborative efforts. The partnership was initiated in June last year to address critical issues such as the electricity supply crisis, challenges in freight rail and port operations, as well as crime and corruption, all identified as significant obstacles to economic growth and job creation.

A focused approach was adopted, targeting actions with the greatest impact in each area. Business actively participated in the broader governmental response to these challenges, committing substantial resources and expertise. Since its inception, the private sector has contributed over R170 million in direct support and mobilized more than 350 technical experts. Moreover, over 130 CEOs from leading companies have pledged their support.

This collaboration builds upon successful partnerships between government and other social partners in recent years, including responses to the COVID-19 pandemic and the development of economic recovery plans. Progress has also been made in combating gender-based violence, implementing a national minimum wage, and addressing HIV/AIDS.

Significant advancements were reviewed during the recent meeting between ministers and business leaders. Load shedding has reduced by 61% since November 2023, thanks to efforts such as the return of units at Kusile power station and increased private sector investment in rooftop solar. Additionally, agreements with business are being finalized to deploy additional experts to support Eskom.

Business support has been instrumental in improving port and freight rail operations, resulting in notable reductions in vessel wait times and criminal incidents on rail networks. Progress has also been made in tackling crime and corruption through initiatives like the Joint Initiative on Crime and Corruption (JICC) and modernizing the 10111 helpline.

Looking ahead, government and business are focusing on initiatives that will have a lasting impact, including increasing electricity generation capacity, rebuilding internal capacity at Transnet, and strengthening measures to combat crime and corruption.

While this partnership has addressed immediate challenges, broader efforts to grow the economy and create jobs require the involvement of all social partners. By deepening these partnerships and engaging all South Africans, durable social compacts can be formed to drive meaningful change.

The partnership between government and business underscores the potential for progress when stakeholders work together towards common goals.