Ramaphosa must act to find way out of the economic crisis, FirstRand CEO pleads
Allan Pullinger says the company is ready to support the president, but without urgent structural reforms, it may be too late to save SA
05 September 2019 - 14:17
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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