Firstrand CEO, Alan Pullinger, says the government needs to deal decisively with the constraints throttling the country's productive capacity and growth.government's continued support for Russia is 'foolhardy' considering the financial power of the West.
"Our government's left-leaning and enthusiasm for China and Russia is being noticed by countries vehemently opposed to this war. Ironically, our country benefits far more from trade with and investment from the bloc comprising the US, the UK and Europe than these two countries combined," he said during the presentation of the banking group's latest financial results on Thursday.
At Thursday's presentation, which took place amid alternating Stage 4 and Stage 5 load shedding and after SA's recent greylisting, Pullinger said SA is running out of time. He added that it was time the public sector got more involved in rebuilding SA's productive capacity. Transnet has opened its rail network to private operators, launching the biggest privatisation in SA since 1997.Some progress
_Business Rupert is the one saying so
_Business The bankers... Heres another global problem we'll soon have to deal with.
_Business What is his view on Palestine 🇵🇸? Did you ask him ?
_Business Why? South Africa belongs to China. Jammerphosa sold South Africa to China for R44 quadrillion. So we have to do what China says. Also Russia has been supplying SA with illegal firearms for years.
_Business Just how is it detrimental?
_Business Would he rather the national fiscus be kept under mattresses. Didn't think so👀
_Business What was needed was positive leadership. They had decades and decades to show leadership and encouragement....
_Business Banks are the real criminals!
_Business Yeah, those who are favored by those banking systems will worry, thina the majority is not our battle to fight
_Business For decades business leaders said nothing, did nothing and nobody internationally said anything. This is the end result... collapse.
_Business he can voetsek to Ukraine bloody nasicisst
RicoSmi82794035 _Business We don’t own banks
_Business I think we are going to beg from them soon
_Business A whole CEO doesn't understand why South Africa is partner with Russia and China. Is he suggesting that South Africa should now abondone BRICS because if a proxy war in Europe.
_Business Finally!!! The private sector is standing up against the corrupt MYANC criminals!!! FINALLY!!!
_Business Why not resign from bank and go fight for ukrain...?
_Business
_Business Neither Russia nor China will ever lift this country out of poverty. Rather, they will only grind us further into the toilet. By contrast, the US offers us a way to help ourselves, but we are too lazy and stupid to accept it.
_Business And....
_Business How?
_Business Where was USA and Ukraine during apartheid?
_Business
_Business As soon as Cyril is removed from power we are coming for you ,real state captures ,how can private sector dictate policy implementation to the ruling party;?shouldn't banks be focused on ending money laundering like the phala phala saga ?
_Business Seriously. We have more important things to worry about.
_Business And he is correct. The banking cabal can not afford to support the truth and has to support WEF narrative. It has nothing to do with finance. It has everything to do with the world agenda. And Russia is exposing the narrative.
_Business VoetsekRussia VoetsekChina UkraineWillWin 🇺🇦 🇺🇦 🇺🇦 🇺🇦 🇺🇦 🇺🇦 🇺🇦 🇺🇦 🇺🇦 🇺🇦 🇺🇦 🇺🇦 🇺🇦 🇺🇦 🇺🇦 🇺🇦 🇺🇦 🇺🇦 🇺🇦 🇺🇦 🇺🇦 🇺🇦
_Business It’s about time big business in SA started to stand up to the ANC. Together we can turn around the disasters of MYANC.
_Business They care not, still think they are in a struggle. You can tell character by the friends they keep.
_Business He just wants to keep hid dollars. This will be the opinion of those who missed out on thr hold.
_Business Pullinger does not seem to know that SA is a member of the Non Aligned Movement and bound by its policy of NEUTRALITY just like NATO members are bound to its policies.
_Business Siding with the West will have even more detrimental effects.
_Business Good on Pullinger for calling out MYANC's continued support of genocidal murder in Ukraine.
_Business 1/2 Very rich coming from a rep of one of the best financial manipulating corporation that discarded the NP-led gov after realising that it stands to lose out on maintaining structural pillars of capitalists! Belonging to WMC,they led the ANC into the Washington Consensus based
_Business Supporting Russia is a great move we need to dissolve the dollar n move away from world bank and IMF because their aid comes with terms and conditions. SA needs to free itself from emancipation of NATO n USA or England
_Business We dnt have the luxury to make enemies ...not now This is crius very crius
_Business He must go to Ukraine
_Business Support for Russia in America is right leaning and I doubt Biden will want to go to elections while supporting open warfare. The FirstRand guy should focus on business and not on people's political leanings
_Business It's strange how 'Africans' who didn't side with Libya are jumping up & down for a African country to side with the west to defend a European country. When Europe/NATO won't sacrifice themselves for Ukraine by declaring war on Russia.
_Business Maybe the best thing he can do is to take a jet to Bhakmut. Thts the real help Ukrainians need not this nonsense of intimidating countries to choose sides
_Business Again, why are we being backed into a corner?
_Business If he feels so strongly about Ukraine let him volunteer as a mercenary. We are a sovereign state,so be it with local political problems,but we are not governed by foreign governments and their dictates.
_Business When has it never been about the money, the only negotiation they make is to print more dollars while increasing the exchange rate... Move away from the dollar and our economy will be just fine, re introduce the gold standard and watch how quickly the USA become the small frie..
_Business Stay in your lane white boy
_Business We have business relations with all of them. Hence, we are not taking sides. Ain't that so?
_Business We are nonaligned. We didn't even get discount for The Apartheid debt from IMF.
_Business And all Standard bank can do is lick ass.
_Business Guys we have to understand that this guy is speaking for his masters from the west and wanya we can't inherit America's and Ukraine enemies
_Business Why would these MYANC crooks care... All they worried about is feeding from the trough ✊
_Business Finally a CEO that has something to say. However what about the 💩 in South Africa ? Why speak out about Russia if we are up to our neck in 💩 in South Africa ?
_Business black people won't care they love hunger just ask our zimbabwean neighbours
_Business Fuck of
_Business Is he going to manipulate the Rand again just like what they did during the so called 9 wasted years
_Business Problem is that the ANC does not understand it... They will just experience the consequences.
_Business For a very very!! For the first time in many moons, I agree with our decision to go with Mr Putin
_Business Foolhardy from SAs perspective. But ANC leaders couldn't care less about SA. The Russians are paying the ANC and it's senior ministers directly so it makes absolute sense to those few individuals.
_Business I think he is more worried about his pockets more than anybody else!
_Business Banks cannot now claim moral high ground when they turned a blind eye to state capture that ruined the economy. They were complicit for not sounding the alarm when questionable transactions flowed through the banking system. Virtue signalling is not synonymous with virtue.
_Business The ANC plays with a pack of wild dogs that will eat SA up for nothing. When we then cry, the West will not help. We will be left cold like in apartheid years.
_Business Well done CEO. You so right.
_Business Does he know about the Minsk Accord and how the west added Ukrainian Nazi fighters.
_Business and den
_Business Go to Ethiopia, their banking system as well as Ethiopia Airlines is 100% state owned. In SA, education inferiority and personality complex has sold a thieving narrative that gov't must not own a Central Bank & totally control its financial and monetary policies. It's a sad con.
_Business When the gov't is advised to create a Central Bank of SA and 100% control of their financial and monetary policies, they won't listen. Today looters and exploiters of the majority of our people are issuing advise against the country's interest. How rude of this crook.
_Business Their true colors are now coming out.
_Business Alan, they don't care!
_Business He is a western thinker.. So west cannot be wrong Where was he ..iraq..libya..syria.. Yemen.
_Business Yoh!… someone in big business spoke up against the government!!…. It’s gonna rain tomorrow!!!
_Business Mxm
_Business Apartheid fascist nazis in South Africa hate Russia for fighting against apartheid and love the US and their Nato colonizers and imperialists warmongers for supporting it
_Business Is there a single person who cares what FirstRand CEO thinks
_Business Some of the comments here demonstrate the reality of a a country with a median IQ that at 68,8 is 164th in the world and far below the 83 the minimum level that the US military, who lead the field in cognition assessments, deem capable of being trained to do anything useful.
_Business Just looking at the comments, explains a lot. Additionally it sets the plans of SA future-
_Business No wonder the banking sector is all just a scam mos
_Business The banking system is owned by the Rockefellers and they are Americans 🤣🤣🤣
_Business Another one afraid to stand up to the West, this matter is between Ukraine and Russia, no one asked for the World to get involved, the West chose to
_Business Why are we forced to choose a side And if we are to choose 1, why must it be Ukraine We've got our own issues to deal with
_Business Western nation are open to pushing division of world ideologies for peace. Granted some eastern nations have a different take on leadership compared to western countries but let’s not forget, the Dutch, English and American haven’t apologised for their role in apartheidsoveingty
joburglawyer _Business Destructive on all levels, construct opposite entitle.
_Business So South Africa should side with the Ukrainian NAZI's? or the fraud and money laundering. Maybe FNB is involved in the crimes?
_Business Unelected government official has spoken.
_Business Who to side with?
_Business He must just fotsek!
_Business We don't care, WE ARE BRICS!!! These ones just want to continue benefiting from the west.. Cry more