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Socially conscious capitalism needed for SA - analyst

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Johannesburg – Socially conscious capitalism may be what South Africa needs to uplift its economy, says an economist.

Speaking at the inaugural Courageous Conversations dialogue hosted by the Nelson Mandela Foundation on Wednesday night, Investec chief economist Annabel Bishop shared insights on the impact of the recent credit downgrade.

Bishop was part of a panel of experts which included former RMB chief executive and current chairperson of the National Student Financial Aid Scheme (NSFAS) Sizwe Nxasana, political economist Moeletsi Mbeki and University of Pretoria’s Chancellor Wiseman Nkuhlu. The discussion centred on the way forward following the downgrade to junk status.

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