The UCT Graduate School of Business recently hosted a frank discussion in Johannesburg to which two leading financial minds were invited to offer their thoughts on South Africa’s economic prospects prior to the election on 8 May 2019.
According to Takoordeen, who has been very busy for the past 18 months engaging with both business and government in what she described as “the most constructive dialogue post-democracy”, there are reasons to be positive about the economy. South Africa has been very open and transparent with large global investors about the problems we face, she said.
Hatendi-Matika reminded us that, in a global economic context in which foreign capital investment has slowed and uncertainty prevails in major developed markets thanks to trade tensions between the US and China, Brexit and the Eurozone’s internal slowdown, president Ramaphosa’s capital-raising drive — which has seen a surge in commitments for investment from 2017 to 2018 — is an achievement to be praised.
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