Sipho Pityana to be president of Busa

Sipho Pityana. Picture Credit: Gallo Images

Outspoken businessman and Save SA founder Sipho Pityana is set to take over as president of Business Unity South Africa (Busa), replacing Jabu Mabuza.

Pitiyana, the founder and chairperson of Izingwe Capital and the non-executive chairperson of AngloGold Ashanti, was unanimously nominated for election as president.

Busa said he will take on his new role with effect from June 26 when the next AGM takes place with Mabuza reaching his two-term limit.

“Busa has a sound strategic plan in place, developed under the guidance of my soon-to-be predecessor Mabuza and his team,” Pityana said in a statement.

“It’s an honour to be asked to serve the unified voice of business at such a critical time in our struggle for transformative inclusive economic growth, as we position our country to be a successful participant in the fourth industrial revolution.

Pityana currently holds positions on various boards, including AngloGold Ashanti. He has held board positions at companies listed on the New York, London and Johannesburg stock exchanges, as well as unlisted companies.

He was the former chairperson of the National Students Financial Aid Scheme and is the chairperson of council of the University of Cape Town. He was also previously the chair of the council for the Advancement of the South African Constitution.

Pityana also has experience in government, having served as director general of the Department of Foreign Affairs from 1999 to 2002. He was also director-general of the Department of Labour from 1995 to 1999.

He was one of the founders of the National Economic Development and Labour Council and the Council for Conciliation Mediation and Arbitration.

In addition, Busa said Pityana’s “strong sense of civic duty” which led him to form the advocacy group Save SA after revelations of state capture emerged made him a natural choice to lead the organisation.