‘It’s Like 1994 Again’: South African CEOs Hail Ramaphosa Win


South African company heads cheered the start of Cyril Ramaphosa’s presidency, saying that business and consumer confidence were sure to improve following the departure of scandal-hit Jacob Zuma.
The result should be economic growth and even job creation, while various stagnating business-friendly policy initiatives could be revived. Further downgrades to the country’s debt may also be avoided.
Below are a selection of quotes taken from interviews with chief executive officers as their companies reported full or half year financial results.

Ian Moir, Woolworths Holdings Ltd.

South Africa’s largest clothing and food retailer caters for customers in the higher income bracket in its home market and in Australia.

“We’ve gone from looking down…

Read More

320ro

Comments

comments