Former Public Investment Corporation CEO Elias Masilela warned on Wednesday that the investment industry had to start pouring more money into developmental projects if it wanted to avoid the escalation of social chaos in SA and being forced to prop up ailing state-owned enterprises.
Speaking at Alexander Forbes's Investment Indaba, Masilela, who is now a director of economic research at DNA Economics, cautioned investment firms and asset consultants that if they continue with their “short-termist” thinking, the social upheaval that SA is witnessing will get worse.
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