private sector should ‘stop bickering’ and become part of the solution
Prominent business leaders have become frustrated with the glacial pace of South Africa’s reform over the past 18 months under President Cyril Ramaphosa, lamenting ongoing bailouts for state-owned enterprises such as debt-laden Eskom, deteriorating public finances, and mounting policy uncertainty.
PIC wants local ownership to boost economy
Maintaining local ownership of South African companies is the best way to boost economic growth, said Elias Masilela, who heads a fund manager that holds shares worth 11% of the market value of stocks traded in Johannesburg.
Adcock “kingmaker”. PIC’s Masilela, explains why CFR takeover offer a dead duck, Chileans wasting time.
Business is a pretty rational pursuit.
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