Government’s attitude
to business can best be
described as antagonistic with
very little trust left, said Ryan
Ravens, CEO of Accelerate
Cape Town.
Speaking during a panel
discussion on how the
Western Cape can counteract
the recent credit ratings
downgrades, Ravens said the
downgrades reflected the
seriousness of the situation.
“The problem with the
political chaos we find
outselves in is that there is no
certainty where the policy is
going.” He said it remained
extremely difficult for
business to operate in such an
environment.
“South Africa, however,
is still the most viable value
proposition in Africa, with
good infrastructure and an
excellent financial system.
One cannot, however,
underestimate the confidence
and trust in political
leadership.”
He said it was positive to
see attempts in the Western
Cape to turn the situation
around, but that anything
done in the province had to be
escalated to national level.
