Richard Wainwright on #WEF20, stakeholder capitalism and easy 'energy crisis' wins

Investors, both local and international are not holding back on their criticism of what they perceive to be the slow implementation of structural reforms to the economy. The Head of Investec bank South Africa, Richard Wainwright told Biznews at the WEF 2020 summit in Davos that there is no denial that South Africa is dealing with an energy crisis that is impacting all sectors of the economy, but he believes there are immediate steps that can be taken to start addressing it. Referring to stakeholder capitalism, which is the theme of Davos this year Wainwright said he believed that South African corporates have always been aware of stakeholders unlike their American counterparts. - Linda van Tilburg