Carol Paton Editor at Large

SA President Cyril Ramaphosa must act urgently on "structural reforms" or there would be no escape route out of the economic crisis, FirstRand CEO said, joining a growing chorus of criticism at the pace of the president's turnaround efforts. 

Reporting the company’s annual results, FirstRand, the biggest bank by market capitalisation, said it expects a paltry 0.3% GDP growth rate for 2019, which is among the bleakest projections for the year. 

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