Doing business in South Africa: Gasant Orrie
2 years ago
Tonight we’re looking at the so-called investment strike.
South African businesses are sitting on a lot of cash and there’s a debate about how serious or significant the number is.
Listed companies seem to be stockpiling an estimated R1.4 trillion according to research done by the Centre for Competition, Regulation and Economic Development. And some analysts believe that if there wasn’t uncertainty around politics and policies in South Africa, companies would be spending as normal which would help to create jobs and lift South Africa out of its current low growth malaise.
Well, it’s interesting that law firm, Cliffe Dekker Hofmeyr, says despite the current economic environment, activity levels witnessed by the firm’s mergers and acquisition practice actually remain stable.
To discuss we’re joined in our Seapoint studio by the Cape Managing Partner of Cliffe Dekker Hofmeyr, Gasant Orrie.
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