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In his 23 years at Raubex, CEO Rudolf Fourie has not entered a year with such a sense of both opportunity and unease. Opportunity, because the government’s promised investment in infrastructure is showing promising green shoots and Raubex stands to benefit. Unease, because the external risks, over which Fourie and his team have no control, have escalated dramatically. “Government’s intention is to invest in infrastructure to get the economy moving. But what none of us knows is to what extent the second wave of Covid will impact on the economy.” It is this uncertainty that is creating challenges, he says. “There is very little happening in the private funding space. There are no new retail projects. Two hotel projects have been cancelled one in Cameroon and one in George. People are preserving cash. There is nothing on the M&A side the uncertainty is killing us.” ....