FirstRand CEO Alan Pullinger says SA is running out of money
Departing boss Alan Pullinger highlights increasing cost of raising long-term finance as sign of fiscal strain
29 February 2024 - 11:09
UPDATED 29 February 2024 - 23:11
FirstRand’s outgoing CEO, Alan Pullinger, has warned that SA is running out of money and resorting to unconventional financing methods that could jeopardise economic stability and growth prospects.
Speaking shortly after SA’s largest lender by market value issued its half-year earnings report, Pullinger said the country was facing a less forgiving global environment in which investors were demanding high returns in exchange for long-term financial assistance...
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