Business and government urged to work together
The private sector and government were urged to work together to fast-track development and growth.
BUILDING a strong partnership between government and the private sector was the centre of focus at the Post-Budget Business Breakfast held at the Durban ICC on Friday morning.
The event, hosted by the KZN Provincial Treasury in association with Absa and the Durban Chamber of Commerce and Industry, was attended by close to 200 guests, mainly business leaders, banking executives, economists, academics, senior government officials and other professionals.
The business breakfast was held a day after the MEC for Finance, Belinda Scott, tabled the 2019/2020 Provincial Budget at the KZN Legislature.
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As this was the last budget in the current term of office, Scott expressed satisfaction that the province was in good financial health and that the provincial Treasury has led by example having received five consecutive clean audits.
“The business breakfast was fully sponsored by Absa which reiterated its partnership of working with the provincial Treasury.
The Durban Chamber of Commerce and Industry’s President, Musa Makhunga stated that in order to achieve KwaZulu-Natal’s required inclusive economic growth goals and objectives, the Durban Chamber believed there needed to be more opportunities, li for organised business to interact with the policy makers and government.
“It is the Durban Chamber’s firm belief that there needs to be greater cooperation and collaboration between the public and private sectors. As a representative of organised business, the Durban Chamber believes there are a number of opportunities that exist between organised business and the provincial and municipal governments, and the Durban Chamber is committed to supporting the Province on initiatives and projects that increase investment into critical areas in the Province, creating meaningful employment and access to opportunities, and addressing the socio-economic issues of the Province,” added Makhunga.
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