Economics
Absa's Ramos Sees Confidence Returning to South African Economy
- President Ramaphosa has open door for input from businesses
- South Africa’s main challenge is creating sustainable growth
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Absa Group Ltd. Chief Executive Officer Maria Ramos is betting that South African President Cyril Ramaphosa is on the right track with rebuilding the continent’s most-industrialized economy.
Almost a year since taking over from his corruption-tainted predecessor, Ramaphosa started commissions of inquiry to determine how graft became so entrenched and to prevent it in future. He also set in motion plans to reinvigorate economic growth through an investment conference that raised billions in pledges and a jobs summit that pulled together the government, businesses and labor on ways of creating work.