Political uncertainty in SA is probably at its highest level since the end of the apartheid era, says Investec Bank CEO Richard Wainwright.
He says investors are acutely concerned about the possibility of an ANC-EFF coalition after the 2024 general election...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
The use of 'Mr. Phala Phala's' face aka number one defender of WMC is nothing but a pure display of artistry😂🤣😅
EFF must visit Investec Bank to speak to their CEO. Clarity is required to deal with the future problems that may arise. Investec Bank CEO statement is very dangerous. We already had Banks weakening the Rand. Banks serve all members of society, including EFF supporters
We don't care
It’s just a mere opinion of an individual who happens to be a CEO of a bank. It’s no different from any one of us’ opinions😂😂😂😂
🤣😂🤣😂🤣😂🤡🤡🤡 This is funny
China and Russia and Saudi Arabia disagrees
You are not going to manipulate us, this is not 1650. China and Russia will invest.
Took these numpty bright sparks Investec a few months to work this out 🙄🙄
We are given reasons to vote for EFF
In an African country investors want white ppl to rule in order to invest they can fotsek then
Fear mongering at its best 🤣🤣🤣
Swart gevaar by racists media. This is Africa madafakas. If you don't want to be governed by Africans. Fak off.
Ijoo banks and politics....
Nonsense
😂😂😂😂
Is business allowed to take political sides? Did they declare?
ANC/EFF relationship not good for SA, it will definitely deter investment which the country needs so much. To grow the economy and create jobs the country needs investment. The combination of the two parties with conflicting ideologies is a disaster for SA.
Desperate to stay in power even though the signal from the people is that we fed up with all of them. Criminals don't relent or care about what is right. Don't vote for either. It's giving them power OVER you
EFF is only good when it gives DA our Black votes ?...Black People are really undermined
All those complaining. Maybe if the ANC drive all the state entities to rock bottom then INVESTEC CEO wouldn’t have had that opinion?
Investec must shut up or, they can't dictate the political landscape
eff is anc helpers in kitchen
Those so called investors are benefiting when we are divided. Let them stop investing in South Africa and invest somewhere else. This scaremongering is getting old.
An EFF ANC coallition is going to happen, for sure. Julius will be the next deputy president of SA in the coallition deal. And he will ride roughshot over a weakend ANC president. Watch out for a massive jump to the left.
A very good reason for that unlikely alliance, if it unsettles racists like helon and baas john
About time companies speak up
Athini uPutin?
We don't need investors. It is investors who need South Africa. Don't lie.
Aha then it starts ...we have seen these campaigns before they don't scare us ...big business wanting to tell us who to choose even before we vote basically they want to take our right to vote
Investor levels are extremely low and will not improve ever. The world is wary of how Africa handles its finances and this includes South Africa who have shown embedded corruption, theft and lies. The ANC will never be able to show a record of honest government & with EFF😝
JulaniJulani In 2024 we will rid SA of the voetsekeff and voetsekANC curse. Just a shame people like GaytonMcK cannot be trusted not to serve his own interest as he clearly displayed. Will have to choose coalitions very carefully.
Perfect Match,a true reflection of SA. We dn't fall for the investment scare tactics any more,you WMC agents said the same thing in 2017 about an NDZ win. You said a CR win would boost the Rand,draw investors, instead SA is at her worst under CR. So, please sit down and shurrup.
A kak of a CEO, is he a prophet now?
Which investors? I’ve always known that being a CEO doesn’t mean you are intelligent you just an administrator at an executive level. Like this one pronouncing investment sentiment without naming the investors.
Ramaphosa, strip-&-redistribute(frog-boiling)socialist, NDR disciple since its inception 50yrs ago & ANC's RET puppet. Growth is already below 1%. If it all gets worse by 10% due to EFF, so what-10% of squat makes no difference. cc VusiSambo helenzille WC will pull investors
So people working at Investec by extension are forbidden their democratic right to associate with a party of their choice, should it be EFF? Interesting
Swart gevaar tactics
Afraid that EFF wil enforce 7 Non-negotiable cardinal points to ANC...Is the most fear by Whites who had proximity to Cyril.54Battalion
Investec Bank CEO can go to hell like the IMF.
Is this not state capture
Regime change agenda is on I see
Rating Agencies are fine with th disastrous Ramaphosa gov as it is, Unemployment is at all time high. Majority Black people are poor today with ur western investors
You make it sound like we care, you know those you pay make all this noise to them not us
Only white people feel this way honestly, they sre afraid that that if black people get together will get stronger and break off this elephant in the room of inequality. The rich will always say this so their wealth is not shared with other poor people
IECSouthAfrica put these guys on ballot roll. Investec is a political party now
Financial institutions meddling in Politics. Wow
Hopefully China and Russia step in to fill the void and prevent famine
The scarecrow is now apparent, by the way we aspire to be like Zimbabweans who own their land and resources. Investors can step. We just want the land
How is this not State Capture by the banks and the so called faceless investors? Show us these investors and we will show you the CR17 and DA funders.
'The only thing they fear is equality' Long Live Sello Julius Malema Long Live voteEff
So what do these investigators want, a DA government I suppose?
They want to finish what is left of the Anc Lesufi a desperate move
Sounds like Investec is taking political sides here
What if ANC and EFF can give us black people back the land ?
CIC saw it Long Ago. And he's Vindicated Now. Corruption Doesn't Matter!! Racist are Threatened by EqualityForAll Employment and End of Poverty The Remedy for the Majority, Possible Poison for RACISTS. This has to Happen as is Advantageous for Working Class.
Sobona phambiri!
The world is now awake to scaremongering. We were told Russia would be dead and buried by now. Guess what, it seems to be doing well. EFF just like the DA have their flaws. But picking up on one just coz they challenge the status quo is stupid.
The CEO is obviously a member of the DA party
Not too sure why Stage 6 loadshedding has not deterred investment already.
Desperate white people...
Investec I now political
But, but, Ruzzia?
If ever there was BS of epic proportions this is it
Le nyile, no way out this time!!!
Banks descending into the arena, trying to redirect votes.
Lol you all are that desperate? Banks meddling into politics🤣🤣🤣🤣
Paldron ANC doesn’t even listen to ANC members,Investec Bank won’t make a people begged ANC to scrap Etolls,they refuse,Julius has been insulting ANC leadership&its Presidents for years since he formed his cult,but Panyaza wants EFF GP😳
Le bua masepa
Investec Bank is a political party now ? 😳
And who benefits from all those investments?
Speaking hogwash
All part of the plan. I order to BUILD BACK BETTER, you have to Destroy that which exists
InvestecBank are you trying to play politics now don't start
God help us
This newspaper should he called doom newspaper. At least I stopped subscribing to press
Fusek.
And what is Investec willing to do about this? Just make speeches? Are you willing to put skin in the game in a meaningful way?
They have no shame these guys..
Bullsh*ting
ANC has no chance if they don't, bad for SA. They don't care what happens as long as they are in power.
The day EFF was launched I said 'This is a division of the ANC to be used at the right time'. I wish I had kept that Facebook comment (deleted Facebook). The question of 'Can it get worse?' Has been officially answered. Yes, it can get worse.
Not much faith to be had in the investors then is there considering the ANC is all but in name already tied-up with the EFF
Thats why im leaving
I'd have thought that 10 hrs of loadshedding a day and the Greylisting we're under would be enough to deter investors. Whoever does decide in spite of all of that to invest in the country must be a die hard. There's no other explanation for investing in this country as it is now
Zimbabwe here we come
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