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BLSA CEO’s Weekly Newsletter – SA’s finances are on the mend – now for growth

18 October 2026

BLSA CEO’s Weekly Newsletter – SA’s finances are on the mend – now for growth

The Medium-Term Budget Policy Statement will confirm one of reform’s biggest successes: government debt peaked last year and is now…

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Business Leadership South Africa (BLSA) is an independent association whose members include the leaders of some of South Africa’s biggest and most well-known businesses.

Through BLSA, South Africa’s business leaders engage key players in South African society, including government, civil society and labour, to exchange ideas in our national interest and to create effective dialogue.

By so doing, we contribute to building strong communities underpinned by job creation through sustained economic growth.

INITIATIVES

TAMDEV

The Technical Assistance Mentorship Development (TAMDEV) programme, anchored by NBI, is a collaboration between Government and Business.

THOUGHT LEADERSHIP

25/10/2026 | By Busiswe Mavuso

BLSA CEO’s Weekly Newsletter – Fiscal discipline is half the battle – now make education spending deliver jobs

Treasury is righting the fiscal ship: debt is stabilising and the deficit is narrowing, which gives investors the confidence to back South Africa. Growth matters because it creates jobs, and youth employment is now a shared priority for business and government. Our skills system is not set up to deliver what employers need, so businesses cannot fill roles while young people cannot find work. Paying for jobs instead of certificates works: Jobs Boost placed 7,000 young people in formal jobs at a fraction of the cost of a Seta learnership. The BLSA Reform Tracker quarterly review will be released on Wednesday, showing a step up in momentum across more than 200 reforms being tracked.   Last week’s medium-term budget policy statement confirmed my expectation that National Treasury is righting the fiscal ship. Debt-to-GDP stabilised at 78.4% in 2025/26 and is now projected to decline, while the budget deficit is narrowing to 3.9% of GDP this year. That is a hard-won achievement and Treasury deserves credit for it. The risk of fiscal calamity has receded, giving investors greater confidence to put their money at risk and back South Africa for the long term. That is what enables growth. Growth, ultimately, is […]

NEWS

21/10/2026

MEDIA STATEMENT – Fruits of fiscal discipline becoming apparent

The most striking aspect of the 2026 MTBPS is that government managed to stick to its guns, ensuring that South Africa’s government debt has peaked and is now falling, despite… continue reading

11/09/2026

BLSA welcomes its newest Board Member

BLSA is very pleased to welcome its newest Board Member, Hendrik du Toit, Founder and CEO of Ninety-One. Hendrik joins… continue reading

30/08/2026

Joint Media Statement by Business Leadership South Africa and Eskom

Johannesburg, 31 August 2026 – Business Leadership South Africa (BLSA) and Eskom recently held a direct and constructive engagement, initiated… continue reading

23/07/2026

MEDIA STATEMENT – Completion index falls for first time as problems emerge with energy sector reforms

Johannesburg, 23 July 2026 – The fourth BLSA Reform Tracker Quarterly Review, covering April to June 2026, shows South Africa’s… continue reading

MEMBERSHIP CRITERIA

Membership to Business Leadership South Africa is granted on application, or by invitation from the Board, based on certain criteria approved by the Council as a whole. Find out more