The reluctance of business leaders to engage in difficult conversations with the state – at least in public – represent a reflection of the intersection of business interests and the fluid definition of social duty, writes CoruscaKhaya Moneyweb
Over the past week, a couple of statements were released that provided a prism into the complexity of economics, geopolitics and the tension points between political party interests and national interests. Alan Pullinger – the CEO of FirstRand – came out and stated that South Africa’s ambivalent stance towards the Russian invasion of the Ukraine poses a major risk for South Africa’s financial sector and, by extension, its larger economy.
South Africa greylisted by FATF In his weekly newsletter, Ramaphosa stated that the greylisting represented an opportunity for the country to “tighten its controls and improve the responses to organised crime”. Ramaphosa further downplayed the impact of greylisting by stating that it would have a marginal impact on the financial sector as the strategic deficiencies do not relate to the financial sector.
Fixing SA begins with clear and decisive leadership – Sim Tshabalala — Moneyweb previously reported that FirstRand has a proud history of allowing its chairs to use the group’s annual report as a platform to weigh in on critically important matters in the country: FirstRand chair cautions on state capture, downgrade, risks [2016] New FirstRand chair on land reform, income inequality and ‘broken’ SOEs [2018] FirstRand chair mystified by government [2019] Time to implement reforms running out –...
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Premier Alan Winde calls on new minister to clarify energy action planPremier Alan Winde noted the cabinet reshuffle and reiterated that the country wants clarity on the energy action plan announced during SONA as well as how it will be implemented. He added that the new electricity minister, Dr Kgosientsho Ramokgopa, must be transparent about how he will address the energy crisis.
Read more »
STUART THEOBALD: This is why bank profits have shown surprising growthThe improvement as reflected in FNB report is due not to dismal economy, but rather to factors such as rising rates
Read more »
Zimbabwe: Reserve Bank of Zimbabwe Disparages Al Jazeera Corruption DocumentaryThe Reserve Bank of Zimbabwe (RBZ) has refuted claims made in the widely publicized, but as of yet unaired, Aljazeera documentary on corruption in Zimbabwe that the Bank is a key player in the smuggling of the nation's mineral riches.
Read more »
What next after World Bank pauses Tunisia partnership over racism row?The World Bank has effectively suspended new lending to cash-strapped Tunisia after President Kais Saied sparked accusations of racism.
Read more »
BACKSTORY: Banking CEO Pravesh SunkerThe FM speaks to Pravesh Sunker, CEO of FNB Private Wealth and RMB Private Bank.
Read more »