'Economic damage is greater than first thought' - Nedbank CEO Mike Brown

Finance Minister Tito Mboweni responded this morning to criticism from the business sector attending the World Economic Forum meeting in Davos Switzerland about the pace of structural reform of the economy saying that a process like this does take time. Mboweni also questioned whether the "business confidence forms" were actually being filled in by the Chief Executive Officers of the companies or by their staff. Responding to this Nedbank CEO Mike Brown said there are good starting points but what business wants to see is delivery, such as Mboweni's strategic plan from Eskom, which will give more certainty. - Linda van Tilburg