THE CEO PLEDGE
“As South African leaders, we firmly believe in the immense potential of our country. We are committed to building it and have come together to address the current challenges with the aim of achieving inclusive, sustainable economic growth. Through strategic partnerships and focused interventions, we have the power to make a significant and powerful impact on our nation, creating hope for all South Africans. We are resolutely committed to being a force for good.”
What is the CEO Pledge?
The CEO Pledge has the committed support of over 140 of South Africa’s leading CEOs, who have allocated funding, resources, expertise and capacity to help Government accelerate the structural reforms and interventions necessary to drive economic growth and job creation.
It underpins the Government and Business Partnership, initiated in 2023, to tackle some of the country’s most pressing challenges in the areas of energy, transport and logistics, and crime and corruption.
Its purpose is also to give hope to South Africans by realising the powerful potential that comes from working together to solve our country’s challenges.
Phase 1 of the Partnership has demonstrated the power of collaboration, resulting in some significant achievements, most notably in dramatically reducing loadshedding.
B4SA is committed to a new era of collaboration with the Government of National Unity and 7th administration
At a meeting convened by President Cyril Ramaphosa on 15 August 2024, business leaders renewed their commitment to the partnership, aligned with priorities of the GNU and the 7th administration.
Building on the momentum already achieved, Phase 2 of the Partnership, launched on 1 October 2024, is scaling these efforts with increased resources and a recommitment of the partners to doing what is necessary to achieve more rapid economic growth.
While much has been achieved, there are significant challenges that remain. Both business and government leaders have committed to accelerating the country's path toward sustainable inclusive economic growth and job creation, predicated on increased investment and more positive sentiment.
Adrian Gore, BUSA vice-president and co-convener of the Partnership, said during the launch of Phase 2 on 1 October 2024:
“Central to Phase 2 is our shared vision to create a virtuous cycle of growth, jobs and improved narrative and confidence. Continued momentum and commitment could mean we are able to achieve 3.3% GDP growth by the end of 2025. This economic growth can generate around 1 million additional jobs by 2030. Sentiment is crucial because it underpins fundamentals, and the work we are doing to foster a more positive narrative is beginning to yield results.”
Martin Kingston, Chair, B4SA Steering Committee, explained:
“This is a model of collaboration that has gifted us with a blueprint for a new era in the GNU. We are keen that the reforms are implemented with urgency. We are very optimistic about the next phase of the partnership. The achievements of Phase 1 have shown that when we unite with purpose, we can deliver real progress. This partnership is about laying the foundation for long term prosperity and social stability. By focusing on key priorities, we are investing in the future of our country, and there is no time to waste.”
Numbers have been updated on 05/11/2024