BANKING GROUP
FirstRand CEO Alan Pullinger says SA must pedal harder
Pullinger says SA is way too slow on structural reforms, the infrastructure programme and cutting red tape
03 March 2022 - 23:27
FirstRand CEO Alan Pullinger has bemoaned the “glacial pace” of SA’s structural reforms, saying the nation’s sluggish economy could not be more different from the UK, where the banking group’s operations outperformed its more established local businesses.
Though the group expects SA’s GDP will recover to pre-pandemic levels in 2022 at least a year earlier than previously expected, Pullinger said he worries the country may be squandering the windfall from a commodity bull run that has seen tax revenues overshoot previous projections...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.