Action and not ideas, is what is needed to save the county’s economy
12 September 2018
What South Africa needs to get out of the pit of the current economic recession is action and not just ideas.
One of the main causes of the country's economic stagnation is the ANC's plans for expropriation without compensation. The ANC would, therefore, do well to pay serious attention to the submissions made to the Constitutional Review Committee in this regard.
Nedbank's chief executive officer, Mr Mike Brown, says, among other things, that prospective investors are becoming more and more concerned about the economic situation in South Africa. Previously, during talks with investors roughly 20 minutes of every hour were spent talking about what is happening in the country, 10 minutes on the banking industry and 30 minutes on the bank itself.
In the last two months, 40 minutes of every hour are spent on discussing what is happening in the country. Only five minutes are spent talking about the banking industry and 15 minutes on the matters of the bank.