Shareholders will receive a cash windfall, even as CEO Mike Brown warns of increasing business paralysis over state failures.
The government’s failure to address rolling power outages, which are crippling business activity and placing a ceiling on job creation, as well as other impediments to economic growth, was highlighted by Nedbank CEO Mike Brown when the lender released its full-year results on Tuesday.
Such is Nedbank’s concern with the state of government that it reserved a chunky section of the media release which accompanied its financial results to the issue of the government’s lacklustre performance...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.
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