Business Unity SA (Busa) and the Black Business Council have signed a memorandum of understanding for a single business caucus at Nedlac's annual summit.

Busa CEO Nomaxabiso Majokweni said her organisation hoped to “broaden” it’s representation at the National Economic Development and Labour Council by working with the BBC.

“We have taken a view to be pragmatic and inclusive of matters that have to do with business,” she said.

“It is in recognition of that need that we come together with the Black Business Council.” 

Black Business Council chief executive Xolani Qubeka said the memorandum was like a "homecoming".

“We are quite excited. We are looking forward to fully participate at Nedlac. It is a very important institution in this country,” he said.

“In terms of business, we must ensure that there is broad representivity so we are able to hone in on those issues that drive economic transformation.”

The Black Business Council was resurrected to represent the interests of black business after it amalgamated with Business SA in 2003.

It was formally re-launched in March.

The two business bodies split because members of black business organisations felt Busa was unable to represent their interests.

Qubeka said the memorandum allowed the two organisations to differ on business matters.

“We have made provisions for any difference of opinion — where we feel strongly about an issue and Busa thinks differently, we will take note of that.”