JONATHAN OPPENHEIMER: The case for engaged capital
Engaged capital – which involves a partnership between financial investors and company managers, with a shared focus on long-term value – is crucial if SA’s recovery from the coronavirus pandemic is to be strong and sustainable
The Covid-19 pandemic has forced governments and companies to radically question long-standing assumptions about their actions and their respective roles in society. The pandemic provides an opportunity for financial investors to do the same.
The UN’s International Labour Organization estimates that the pandemic will eradicate the equivalent of 435-million full-time (https://www.ilo.org/wcmsp5/groups/public/---dgreports/---dcomm/documents/briefingnote/wcms_743146.pdf) jobs in the first half of 2020. That figure is not difficult to believe considering that the UK’s furlough scheme, which was announced in March, already counts 7.5-million people on its payroll and that more than 36-million Americans have filed for unemployment since the outbreak of Covid-19...
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