Deals
S. Africa's Regime Change Unclogging Deals, Nedbank CEO Says
- CEO Brown ‘significantly more confident’ about nation’s future
- He says banks lining up to work on state companies Eskom, SAA
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Investments in South Africa’s infrastructure that couldn’t be completed last year because of political uncertainty are among deals that are now on the cusp of getting done, said the chief executive officer of Nedbank Group Ltd.
Mike Brown’s confidence reflects improving sentiment since Cyril Ramaphosa replaced the embattled Jacob Zuma as the country’s president last month. The government is trying to resolve policy uncertainty in South Africa’s crucial mining industry while getting renewable energy projects underway again.