Stephen Koseff, Chief Executive, Investec Group, called on business to play its part in South Africa’s recovery at the recent Investec Wealth Forum.

Citing a need for what he calls “accelerated, urban-led, private sector-driven growth targeted at mass unemployment”, Koseff told over 2,000 Investec Wealth & Investment clients (at an event in Cape Town and Johannesburg) that “we can’t blame the world for our recession”. That, as a society, South Africans need to come together to create “a new social pact that transcends ideologies and backgrounds”.

Mass unemployment and the “rot in state-owned enterprises” are two of the biggest challenges South Africa faces, said Koseff.

He pointed to the need for business to be viewed as a “national asset” because it is business alone which can create jobs and stimulate growth.

Published on Investec Wealth Forum/BDLive