[LISTEN] 'If this continues, it’s too horrifying to think, then I think you will have a significant decline of the formal economy as we know it,' Sygnia CEO, Magda Wierzycka on MoneywebAtMidday with maggsonmedia. Download the podcast below.
You can also listen to the podcast on iono.fm here.
Why do you think we’ve gone backwards so quickly? That’s and interesting question because under Jacob Zuma, of course, we saw a president who could swing the cat by its tail, change Cabinet 20 times over and didn’t seem to be controlled by his party. We now have a president who, the kind of words that I have heard bandied around, which I think are very appropriate, is we have a president who is non-strategic and indecisive. So could he control the party, of course he could. Could he change the Cabinet, of course he could.
When you engage with the investor community, in other words, your clients, what are they telling you? The interesting thing about local business is that it has become, and that’s also a good indicator, it has become a lot more vocal. When Jacob Zuma was in power, I remember I was taking an activist stance, for want of a better word, and really it was just posing questions and criticism. I used to say that I expected the business community to be right alongside me but actually what happened is I looked left, I looked right, and I was the only person on stage.
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