White monopoly capital scares away investors - BLSA Chairperson

Business Leadership South Africa Chairperson, Jabu Mabuza, has recently expressed his concerns about the contradictory messages from policymakers and the use of the term 'white monopoly capital,' which he believes conveys a narrative that business is not welcomed. In a recent interview with Forbes Africa magazine editor, Chris Bishop, Jabu Mabuza highlighted the importance of consistency and predictability in policymaking to foster trust and attract investors. Mabuza emphasized the need for policymakers to follow through on their statements and ensure that their actions align with their words to create a conducive environment for business growth. He also discussed the challenges facing business leaders in building trust with governments and the importance of demonstrating goodwill and commitment to economic transformation. Mabuza's remarks come at a time of uncertainty in South Africa's economy, with concerns about fiscal policy direction and the impact of policy inconsistencies on investor confidence. The interview sheds light on the critical issues facing businesses in the country and the imperative for policymakers to address these challenges proactively.