REVENUE GROWTH
Investec’s Fani Titi grapples with crises in its two largest markets — SA and UK
Fani Titi, who presided over his first full-year results as CEO of Investec, has his work cut out for him grappling with political and economic uncertainty in the bank’s two largest markets. SA has yet to show signs of any meaningful economic recovery after a decade of stagnant growth and rampant corruption despite a change of leadership in the governing party at the end of 2017. The UK is no nearer to settling its internal conflicts over Brexit, despite taking the decision to leave the EU almost three years ago. Theresa May is facing increasing pressure to quit as prime minister, setting the scene for more political drama that may further cloud the economic outlook. Brexit has dented consumer confidence in the UK, and financial services companies face uncertainty about rules governing their ability to do businesses in the EU after Brexit.
While SA resolved its political leadership issues with an election last week that gave a convincing mandate to the ANC and President Cyril ...
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