BUSINESS DAY TV: Policy makes SA a ‘difficult economic environment’
Investec CEO Stephen Koseff discusses full-year results and attempts to bolster growth in SA in the face of political and economic turmoil
Stephen Koseff is the CEO of Investec. BUSINESS DAY TV: Investec has managed to lift revenue beyond the £2bn mark for the first time, reporting full-year numbers today, the specialist bank and asset manager commented that this achievement was only possible due to the strength and resilience of its businesses in the face of macro uncertainty. How much of the positive numbers we saw filtering through were actually down to currency effects. Joining us on the line now from London is CEO Stephen Koseff. Stephen ... so good results and it looks like the market likes them as well, but you were given a bit of a tailwind by the rand’s surprising strength, particularly against the pound last year? STEPHEN KOSEFF: Yes, it was the first time in five years that we’ve seen the rand help our results and it did a good job last year, so it did help our overall results. But we still had good momentum in the businesses. BDTV: Of course, let’s take a look at the momentum that these businesses are able ...
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