Cyril Ramaphosa and Mkhwebane legal battles not helping growth, says IDC

businesslive.co.za

- businesslive.co.za | 2 months ago

The current political climate, including the legal squabbles between President Cyril Ramaphosa and public protector Busisiwe Mkhwebane, is not “helpful” in the push to revive SA’s sluggish economy, Industrial Development Corporation (IDC) CEO Tshokolo Nchocho says.

The IDC is a key national development finance institution set up to promote economic growth and industrial development. It also focuses on driving regional development, the economic empowerment of communities, and growing black industrialists.

In an interview after presenting the corporation’s financial results on Tuesday, Nchocho said the current political climate has contributed to the lack of confidence in the economy.

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