The South African Chamber of Commerce and Industry (SACCI) said on Tuesday that they welcomed the outcome of the elections of the office-bearers of the ANC.

“As the ruling party we also congratulate the ANC for the display of a peaceful, mature democratic process which bodes well and cements the concept of transparent democratic contestation and processes in the choosing of political leaders in South Africa,” SACCI CEO Alan Mukoki said in a statement.

“We hope and would like to urge the new ruling party office-bearers together with the new NEC members to be elected, to bear down and take advantage of the leadership opportunity that has been presented, to drive the necessary and urgent decisions, to restore confidence in South Africa as an investment destination.”

 Mukoki said that the challenges faced in the area of fiscal consolidation, unemployment, the current high debt to GDP ratio, and the sovereign credit ratings downgrades were matters that require visionary leadership and urgent drastic action to be taken.

“This in the contextual background where the triple challenges of poverty, unemployment and inequality remain the most important overall challenge that need to be eradicated.”

 “As the business community we look forward to engaging and working with the newly elected President of the ANC Mr Cyril Ramaphosa, the new office-bearers and wish them the best of luck over their impending five year term in office.”

Mukoki went on to wish the ANC leaders prosperity and good fortune and said they hoped the new leadership would make a positive contribution to economic growth and job creation. 

– African News Agency (ANA)