Business speaks out on ConCourt ruling

1st April 2016

  

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The South African Chamber of Commerce and Industry (Sacci) has welcomed the Constitutional Court’s (ConCourt’s) judgment that Public Protector Thuli Madonsela’s findings on nonsecurity upgrades at President Jacob Zuma’s Nkandla home were binding.

“Our Constitutional democracy has been demonstrated, through these various events, to be alive and well. We need to be appreciative that this process has put our various constitutional processes to the test.

“And there can be no doubt that this was the ultimate acid test for our nation. What’s more, this entire process has been conducted in an open and transparent way for all our citizens to see our systems at work,” said Sacci CEO Alan Mukoki.

He added that the ruling demonstrated the integrity of the country’s legal system, its judiciary and the Public Protector’s Office.

“This has to be a good message for South African business and for our economy,” he noted.

Meanwhile, Business Leadership South Africa pointed out that international investors had cited political governance as a key concern to investing in the country.

“The credibility of our institutions of State was highlighted by international investors and ratings agencies as a significant imperative impacting on our ability to attract and retain foreign direct investment, boost confidence and promote inclusive economic growth.
 
“The ConCourt judgment underscores the increasing urgency of decisive action from the ruling party in this regard. Business, as with the rest of our society, expect the National Executive Committee of the African National Congress and its structures to provide leadership on the issues raised by this judgment by putting South Africa first.”

Edited by Creamer Media Reporter

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