South African CEOs See Green Shoots as Economic Mood Soars [Financial Post (Toronto, Ontario, Canada)]
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Source: Financial Post
to be cautious about complacency, according to chief executive officers of some of its biggest companies. Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — South Africa is starting to see signs of a turnaround buoyed by strong investor sentiment since the formation of a coalition government but it needs to be cautious about complacency, according to chief executive officers of some of its biggest companies. While “the sentiment has changed,” there isn't very much that's different for companies in their domestic operations, Sanlam Ltd. CEO Paul Hanratty said at Bloomberg's Future of Finance event in Johannesburg on Wednesday. “There are some tiny green shoots appearing. We need to nurture those and water those. We are at the start of a turnaround, not flat out into it.” Since the African National Congress aligned with business-friendly parties after losing its outright majority in May 29 election
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