Imperial Holdings CEO Mark Lamberti says business and consumer confidence in SA is being eroded by "serious political interference in the workings of core public institutions and state-owned enterprises". Despite extremely challenging markets, the recent downgrade of SA’s GDP forecast to 0.5% was largely attributable to "avoidable local factors". "Such activity is being conducted with appalling self-interest, impunity and duplicity, at the expense of national priorities such as economic growth, fiscal rectitude, policy certainty, unemployment and poverty alleviation, crime prevention and the funding of universities," he said after Imperial’s AGM on Tuesday. He was among 81 CEOs who had pledged support for Finance Minister Pravin Gordhan, before the National Prosecuting Authority dropped fraud charges against him this week. "On behalf of all Imperial stakeholders, we are engaging with patriotic leaders of integrity in government, business, labour and civil society, to eliminate uncon...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.