PRESIDENT: GEORGE SEBULELA
(President & Founder : African Entrepreneurs Council(AEC), Former Chairman & Secretary General of Black Business Council(BBC) (President & Founder : Sebvest Group)
Improvements in the employment and income environment continue to drive a gradual recovery in the South African economy. SAUBC will seize this opportunity to press ahead with policy recommendations aimed at ending deflation and revitalizing the economy in the aim of harnessing innovation and globalization to create a more affluent and vibrant South Africa.
THE FIRST FOCUS
The first focus of our efforts is to strengthen the GROWTH STRATEGY AROUND 4IR. The trend towards digitization, which includes IoT, AI, big data, and robots, has begun to bring revolutionary change—a paradigm shift—to many industries. To strengthen the South African economy in such times, the public and private sectors need to cooperate in taking bold steps while keeping an eye on dramatic changes in industrial structure.
While delivering economic growth through the use of innovative technology, 4IR aims to resolve increasingly complex social issues and pave the way to achieving the UN Sustainable Development Goals (SDGs). We are creating a road map toward a fully functioning 4IR. Which we are prepared to also learn from the other developed countries.
At the same time, we must continually promote energy and environmental measures compatible with economic growth, creating a business environment in which a diverse workforce can actively participate, and breathing new life into dynamic regional economies.
THE SOCOND FOCUS
The second focus should be STRUCTURAL REFORM. We must upgrade economic and social platforms to make them appropriate for South Africa. We must squarely address reforms to update regulations, revise taxation, and amend social security systems to dispel people’s concerns about the future, as well as fiscal consolidation.
THE THIRD FOCUS
The Third Focus is to ENGAGE IN MULTIFACETED PRIVATE-SECTOR ECONOMIC DIPLOMACY AND ENHANCE OF OUR CAPABILITIES AS A GLOBAL INFLUENCER. We have consistently called and promoted free trade. By urging an international rule-based response to protectionist trends, from the perspective of the business community we will continue to make a positive contribution to maintaining and reinforcing free and open international economic order that is based on rules.
While maintaining and strengthening ties with a range of stakeholders, SAUBC will resolutely ADDRESS CRITICAL POLICY ISSUES CONTRIBUTING TO THE STABLE AND SUSTAINED DEVELOPMENT OF THE DOMESTIC AND GLOBAL ECONOMIES. We are looking forward to your continued support in building South Africa we want.