LETTER: Will business have the goodwill the president suggests?
‘Social value’ is different from profit; ‘human development’ is different from returns to shareholders
31 May 2019 - 16:20
In the week since President Cyril Ramaphosa’s inaugural address, there has been a deafening silence from the business community on messages about economic policy contained in that speech.
In the lead up to the elections the leading lights of big business, from Goldman Sachs to the Economist, made clear their support for an ANC victory and for Ramaphosa as the person to deliver what it needs: less grand corruption, less “bureaucracy” more “policy certainty” an “investor friendly climate” and a long, slow fudge of tricky ANC policy issues, such as land redistribution...
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