CEOs cheer Ramaphosa’s win, saying it means ‘all the right things’
South African company heads cheered the start of Cyril Ramaphosa’s presidency, saying that business and consumer confidence were sure to improve following the departure of scandal-hit Jacob Zuma. The result should be economic growth and even job creation, while various stagnating business-friendly policy initiatives could be revived. Further downgrades to the country’s debt may also be avoided. Below are a selection of quotes taken from interviews with CEOs as their companies reported full-or half-year financial results. • Ian Moir, Woolworths SA’s largest clothing and food retailer caters for customers in the higher income bracket in its home market and in Australia. "We’ve gone from looking down to looking up. It’s incredibly positive. It will make a big difference in terms of consumer sentiment. We’re talking about greater GDP growth, we’re talking about fiscal responsibility, we’re talking about corruption being under control. It’s all the right things. It’s everything we wanted...
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