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Elections to Delay Capital Projects in SA and Slow Down the Economy

Ahead of next year’s national election major private sector investment decisions are on hold, according to Absa Capital economist Peter Worthington.

At a presentation in Johannesburg yesterday, he warned that alarming policy statements from politicians in the run-up to the elections would delay capital projects, damaging the economy’s growth potential. And an unfriendly business environment after the election could cause them to disinvest.

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http://www.iol.co.za/business/news/firms-wait-for-election-before-investing-absa-1.1590899#.UlwHN1NFO1s

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