Is lack of business leadership the missing link in achieving economic growth and employment?


Front Page Looking For… Empowering Youth and Resolving Youth Unemployment Is lack of business leadership the missing link in achieving economic growth and employment?

This topic contains 1 reply, has 2 voices, and was last updated by  Des Squire 2 years, 5 months ago.

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  • #33295

    sylvia hammond
    Keymaster

    The private sector and civil society should lend a helping hand to ensure that the country records economic growth that can create jobs, says Finance Minister Pravin Gordhan.

    Speaking to businessman and captains of industry at the AHI/Absip Breakfast dialogue today (27 February 2014), Minister Gordhan said instead of labour and the private sector opting to blame the government for the country’s stagnant growth, they needed to also look into the mirror too and see how they can help in making the economy grow to levels of above 5%.

    Minister Gordhan anchored his budget – which has been welcomed by big business and labour federations – on achieving economic growth over the next five years to 20 years.

    At the breakfast, he called on black and white businessmen to forge a partnership and start working together to realise the country’s economic goals.

    “It is time for white business and black business to find each other to begin to build synergies between themselves and to become constructive players in the economy and in our society so that we can overcome some of the challenges as we go forward.

    “So the missing piece in this [list] of initiatives that we have is leadership. Leadership from all of us, leadership of saying I recognise that there is a possibility of taking this country to a new level – a new level of growth, job creation, employment and a new level of a reduction in poverty and inequality.

    “The question is can we find that kind of leadership in business, in labour, in government and in civil society that … can say we are prepared to put aside some of our vested interests … in order to run the country with a bold leadership that is needed.”

    “If we break that deadlock, then we have a possibility to move our country to the growth that we have not been able to reach.”

    Minister Gordhan told captains of industry that government was doing all it can to create an environment that will make it easy to do business by removing regulatory bottlenecks, restraints, reducing the business cost structure and offering incentives to small and medium enterprises to bolster entrepreneurship and job creation.

    Meanwhile, Finance Deputy Minister Nhlanhla Nene, who also attended the event, said in response to a question that strengthening local government was key to service delivery and growth.

    He said government would welcome assistance from the private sector through skills transfer on a consultation basis provided that the private sector did not charge excessively for its services. – Report by SAnews.gov.za edited by skills-universe

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  • #33296

    Des Squire
    Participant

    Leadership comes from the top and yes leadership is sadly lacking right from the top. 

    We, as a country, most certainly have the leadership that is called for in industry so no the problem is not one of leadership it is, in my opinion, one of trust.

    The trust relationship has been destroyed through our past and nothing is being done to develop it. Until leaders in industry can trust each other and agree to put the past behind we can never go forward or work together for the good of SA. I agree with the minister that “If we break that deadlock, then we have a possibility to move our country to the growth that we have not been able to reach.”

    I also agree as the minister again says “It is time for white business and black business to find each other to begin to build synergies between themselves and to become constructive players in the economy and in our society so that we can overcome some of the challenges as we go forward”.

    Once again as the minister suggests it is a black and white issue – where is the initiative to come from to start the process?. It takes a leader at the top – the likes of Madiba – to pull this one off. It can be achieved by sharing ideas, assisting each other, working together for the good of all but until business leaders meet together and have a form of “truth and reconciliation” event the trust issues will always get in the way. If we do not trust each other we will never work together EFFECTIVELY.

    This of course necessitates a mindset of ethics in business practices also.  

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