BUSINESS UNITY SA (BUSA) STATEMENT ON ONGOING STATE OF DISORDER
12 July 2021
BUSA has been inundated by appeals from members expressing deep and serious concern about the anarchy in our country in the last few days!
The anarchy started after the imprisonment of Jacob Zuma, as ordered by the Constitutional Court. BUSA notes this, but the critical issue for us is that relatively small groups of people are destroying property, endangering lives, and holding the country hostage. This cannot be tolerated in a constitutional democracy, in which the preservation of law and order and the protection of people’s rights are paramount.
The anarchy has caused significant economic damage and cost and the ongoing violence and destruction of property continues to cause severe losses to the economy. The resultant loss of jobs because of businesses not having the confidence to continue operating will exacerbate an already high unemployment rate.
These events are being reported on globally, resulting in significant loss of confidence in our country as an investment destination, at a time we are competing with more positive destinations in different parts of the world. This will have a negative impact on our efforts to put SA onto a sustainable inclusive growth path and hamper our efforts to address the severe social and economic challenges our country faces.