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South Africa Risks Becoming a ‘Forgotten Country,’ RMB CEO Says
JOHANNESBURG (Capital Markets in Africa) – South Africa must move quickly to implement the reforms needed to salvage its status as an investment destination and breathe life into the struggling economy. “SA is rapidly becoming a forgotten country and has stopped being talked about as an investment destination,” James Formby, the chief executive officer of FirstRand Ltd.’s Rand Merchant Bank, wrote in Johannesburg-based newspaper Business Day. “It’s no longer five to midnight, it is midnight. We cannot…
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