BLSA fights back white monopoly capital campaign with #BusinessBelieves

In a powerful speech in Alexandria, Bonang Mohale, the Chief Executive of Business Leadership South Africa, launched a fightback against the divisive narrative of the white monopoly capital campaign. With a resounding message of #BusinessBelieves in South Africa, Mohale made it clear that the business sector is committed to the country's growth and prosperity. In an exclusive interview with CNBC Africa, Mohale outlined the key challenges facing the South African economy and the steps needed to overcome them. He emphasized the importance of regulatory certainty and policy stability to promote investment and economic development. Mohale highlighted the detrimental impact of corruption on society, calling it a 'cancer' that needs to be eradicated both in the public and private sectors. One of the central themes of Mohale's address was the need for inclusive economic growth and collaboration between government, business, and labor. He pointed out that South Africa is facing significant headwinds, including a high unemployment rate and stagnant economic growth. Despite these challenges, Mohale expressed optimism about the country's potential for progress and recovery. He stressed the importance of working together to address the root causes of the economic downturn and create a more prosperous future for all South Africans. As part of its commitment to transparency and accountability, Business Leadership South Africa announced an integrity pledge to combat corruption within its ranks. Mohale made it clear that any members found to engage in corrupt practices would face expulsion from the organization. By taking a strong stance against corruption, the business sector aims to rebuild trust and credibility and demonstrate its dedication to upholding ethical standards. Looking ahead, Mohale discussed the risks facing South Africa, including the upcoming medium-term budget policy statement and the December elective conference. He acknowledged the challenges posed by political distractions and external pressures but remained hopeful that by working collectively towards a common goal, South Africa could overcome its current difficulties. Mohale urged all stakeholders to prioritize inclusive economic growth and commit to a shared vision of a united, prosperous nation. In conclusion, Business Leadership South Africa's fight against the white monopoly capital campaign represents a pivotal moment in the country's economic and political landscape. By advocating for transparency, accountability, and collaboration, Mohale and his team are leading the charge towards a more equitable and sustainable future for South Africa. The road ahead may be challenging, but with determination and unity, there is hope for a brighter tomorrow.