The new public protector says she will leave the dispute over the state capture report prepared by h.
BUSINESS Unity South Africa said yesterday that President Jacob Zuma's appointment of the BBBEE Advisory Council announced last week was long overdue.
"The council is critical to advise government on economic transformation and we want to urge it to move quickly to ensure acceleration of transformation," the business body (Busa) said in its economic report.
"South Africa cannot be a significant global economic player as long as the majority of our people are not meaningful participants in the formal economy," it said.
Busa said it believes SA has technically ended its recession, with economic growth of 0,9percent in Q3 2009, but cautions on expecting too much too soon.
"Inflation has also dipped into the target band. These are positive signs, but must not detract from the reality that our economy remains weak.
"Our view is that the recovery is therefore likely to be a slow one in which the pace of global recovery is an essential factor.
"Spending related to the 2010 FIFA World Cup and tourism and tax income generated will support the recovery. Employment growth is likely to lag behind economic recovery."
"Unless constraints identified in initiatives such as Accelerated and Shared Growth-South Africa (Asgisa) and other research are effectively addressed, the SA economy will continue to grow at less than its potential." - I-Net Bridge