Absa CEO Says South Africa Needs Policy Certainty for Growth

The chief of South Africa’s third-biggest lender said policymakers need to use Wednesday’s budget to prioritize macroeconomic consistency in order to kickstart expansion.

The key for investors is that “they want policy certainty,” Absa Group Ltd. interim Chief Executive Officer Charles Russon said in an interview on Bloomberg TV Wednesday. “They want fiscal certainty, and ultimately, they want an environment that is conducive to growth.”