We should be terrified. We are sitting with a snake in the room, but we are pretending that it s not there. That is the blunt assessment of South Africa by leading thinker and communications expert Songezo Zibi, founder of the think-tank The Rivonia Circle.
South Africa will remain in a crisis, incapable of energising the economy unless the government steps up and takes some difficult decisions. This is according to Investec Group CEO Fani Titi, who said the country cannot continue to drift as it has done over the past few years as it was fast running out of time.
Investec, which has excess capital in SA, has announced intentions to buy back up to R7 billion of its shares, which is in addition to an about R1.2 billion programme it announced in October.