ANDREW CANTER: It’s not so gloomy in SA
There is much to celebrate about the state of SA, and we are at a unique historical position to effect positive change with hard work
SA has enjoyed only three months of hope, after suffering nearly a decade of creeping decay and lost opportunity. That imbalance of experience makes it easy to be cynical and untrusting. It has become all too easy to overlook the positive forces that have been at work in the country in recent years, and to underestimate the potential that exists for positive change. It is my belief that SA has many core strengths and that its challenges can be met. I am comfortable, on a daily basis, to invest pensioners’ savings into this country. We all know the bad news. So, to explain my confidence, I’d like to offer some perspective. SA has witnessed a remarkable political change: a new president, new cabinet and clear evidence of a crackdown on corruption. The Futuregrowth credit team has, since the fourth quarter of 2016, been in engagement with the six largest state-owned enterprises about issues of governance. We found that four had reasonable governance structures and practices and, subjec...
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