SA is running out of time and money, says Nedbank’s Mike Brown
One of the top priorities requiring urgent action is Eskom, which Brown says is the ‘very sick’ elephant in the room
SA is running out time and money to ease a cash crunch at state-owned companies, the CEO Nedbank said, the latest business leader to express frustration at the pace of turnaround efforts at parastatals that also include debt-laden Eskom.
Fixing the state-owned companies, many of whom are losing money and survive on cash injections for the government, is vital to President Cyril Ramaphosa's drive to revive the economy and shore up investor confidence. ..