|SACCI'S RESPONSE TO THE PRESIDENTS DECISION TO RESHUFFLE THE CABINET - PRESS RELEASE|
|Friday, 31 March 2017 13:03|
As the South African Chamber of Commerce and Industry (SACCI) we have received the news of the Cabinet Reshuffle with concern, especially at a time when speculation was rife about the pending changes in the National Treasury.
Although it is a presidential prerogative for the president to deploy his ministers accordingly, we as business strongly believe that some measure of prudence is exercised to avoid the subsequent knock-on effect such decisions are likely to have on the economy of our country. On the political front it is our call as business formation that there be cooperative partnership in managing sensitivities that may adversely impact our risk profile in international markets.
That being the case, we want to urge government together with business, representatives of labour and civil society to get back to the investment road show in an effort to calm the markets and to build investor confidence.
South Africa needs a stable and conducive climate for economic growth for us to be a preferred investment destination. These fundamentals must be supported by carefully thought through political decisions to the best interest of our beloved country, South Africa.