ALEXANDER PARKER: Business needs to play hardball with the state

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Now might be the time for some straight talking, because the power relationship is shifting

Absa’s decision not to finance Karpowership SA cropped up at its AGM last week. It’s not a new decision for the bank, but should nonetheless be a warning to corporate SA about the risks of being associated with bad ideas.

On the face of it, Absa was a well-meaning potential funder that considered financing a solution that would contribute to easing the energy crisis, but something put it off. It hasn’t said what it was about the deal it didn’t like, but we can hazard a guess...

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