Phala Phala: A ‘defining moment’ for South African business

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The threat of Cyril Ramaphosa’s resignation could shave a percentage point of South Africa’s parlous GDP growth. But while some CEOs have slammed the PhalaPhala report by Sandile Ngcobo’s panel, Neal Froneman says the president should have quit.

If you’re in any doubt about how devastating bad politics can be for business, just ask Liz Truss. Or, in fact, Robert Mugabe, Jacob Zuma or Vladimir Putin.

Those who saw the rand tumble 4% and bond yields spike to their highest levels since 2020 as the full impact of the Phala Phala report sank in last week witnessed just such a moment first-hand...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.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 20. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

Haha...that's because his revenue is in USD and costs in ZAR.....can't blame him

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Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Phala Phala: A ‘defining moment’ for South African businessThe threat of Cyril Ramaphosa’s resignation could shave a percentage point of South Africa’s parlous GDP growth. But while some CEOs have slammed the PhalaPhala report by Sandile Ngcobo’s panel, Neal Froneman says the president should have quit.
출처: FinancialMail - 🏆 20. / 63 더 많은 것을 읽으십시오 »

Phala Phala: A ‘defining moment’ for South African businessThe threat of Cyril Ramaphosa’s resignation could shave a percentage point of South Africa’s parlous GDP growth. But while some CEOs have slammed the PhalaPhala report by Sandile Ngcobo’s panel, Neal Froneman says the president should have quit.
출처: FinancialMail - 🏆 20. / 63 더 많은 것을 읽으십시오 »

Phala Phala: A ‘defining moment’ for South African businessThe threat of Cyril Ramaphosa’s resignation could shave a percentage point of South Africa’s parlous GDP growth. But while some CEOs have slammed the PhalaPhala report by Sandile Ngcobo’s panel, Neal Froneman says the president should have quit. straight shooter this one!
출처: FinancialMail - 🏆 20. / 63 더 많은 것을 읽으십시오 »