South Africa’s massive R400 billion gamble

“All of this is at risk,” he said.FirstRand chief executive officer Alan Pullinger said that the government’s open support of Russia has already been called out by trade partners,According to chief risk advisor of the Institute of Risk Management in South Africa (IRMSA), Christopher Palm, South Africa severely underestimates the risk present in the growing divide between East and West.South Africa’s position in terms of foreign policy is critical to this.“There will be a global viewpoint taken (on Russia and China), and South Africa will be expected to take a position,” Palm said, adding that all South African businesses will face repercussions.Regardless of the cause or source – whether the country picks a side, tries to stay neutral, or something else – businesses need to assess their position and to this and how it will impact their operations.Source: BusinessTech