Oppression of Acsa minority shareholders a red flag for foreign investors
The government’s attempt to renege on a settlement agreement with smaller shareholders represents bad faith that is not expected by investors under a ‘new dawn’
President Cyril Ramaphosa is leading an investment drive to raise $100bn over five years for the SA economy. How do prospective financiers perceive SA political risk?
There is increasing evidence of the damage done to SA during the nine disastrous years of the Jacob Zuma presidency. The heinously clever, systematic and resolute dismantling of state institutions that served the public interest, and the plunder of state-owned entities (SOEs), was carried out with three broad objectives: to facilitate deep-seated corruption at all levels of government and the private sector in order to enrich individuals, entrench political power, and prevent prosecution of the implementers and benefactors of state capture...
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