Nedbank CEO Mike Brown has added his voice to calls by senior business leaders for less talk and more action on the structural reforms needed to kick-start economic growth.

Echoing the sentiments of FirstRand CEO Alan Pullinger, who last week bemoaned the “glacial pace” of reform efforts, Brown said SA needed to act “yesterday” to cut red tape dramatically to boost investment, particularly in power and energy. Brown said red tape was undermining President Cyril Ramaphosa’s surprise decision in 2021 to lift the threshold for embedded power generation to 100MW...

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.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.