CABINET RESHUFFLE AND DOWNGRADING OF OUR GLOBAL ECONOMIC STANDING

06 April 2017
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EXTRAORDINARY NEWSLETTER TO MEMBERS
Thursday 06 April 2017
SUBJECT: CABINET RESCHUFFLE AND DOWNGRADING OF OUR GLOBAL ECONOMIC STANDING


Much has been said and intimated arising from the reaction to the above referred matter, especially in the recent print and social media.
The Chamber is affected by this and wishes to advise as follows:
1. Chamber does not support the recent decision to dismiss Minister Gordhan and Deputy Minister Jonas.
2. We are extremely concerned over the impact of the Cabinet reshuffle, which is justified with the almost immediate down-grading of our credit rating.
3. Without swift reaction there is likely to be further agency downgrading.

Yesterday the, BKCOB Executive Director joined a discussion organised by “Save SA” to hear of the groundswell of citizens on this matter. The discussion however was an early beginning and did not touch on any action or response by concerned citizens and Civil Society.
The Chamber therefore wish to state the following:

1. An organised, non-affiliated, non-political rally / march has been scheduled for Friday the 7th at 12h30 to which all of society is invited.
2. The Rally / March has permission and will be protected
3. The Rally / March will start at the Absa/Jan Smuts stadium at 12h30. There will be parking on the B field (entrance between Jumbo and the stadium). The route for this march is from Jan Smuts stadium down Lambert Road to Oxford Street. From there it will go to City Hall. At the City Hall there will be four 5 minute addresses - one by a minister; one by a business representative and one each by the two main opposition parties in council.
4. Furthermore, a rally is also to be held in Komani (Queenstown) and the same advisory applies to our members there. The rally is commencing at 12h00 at the Truck Stop and will finish at the Hexagon
5. A separate advisory to employers is attached for those that wish to attend the rally (please click here)
6. The event is a civic march and is totally a-political. All the social media advertising is asking people to wear South African clothes (as opposed to political T.shirts). Organisers say they see the event as an amazing opportunity to unite people across all races, creeds and affiliations.
7. Chamber believe this is an effective opportunity to voice your concerns.
8. Ultimately the decision rests with each member and they make that decision without our direct influence.

Toward a stronger Economy


Les Holbrook
Executive Director
Border-Kei Chamber of Business


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