Tag: offshore invesment

Anchor Group CEO: This is how much corporate South Africa has lost on offshore forays

SA-based companies are having a horrific time in 2020, with the impacts of a struggling economy and COVID-19 taking their toll. However, for many of these businesses it started a long time ago, as corporate SA went on a global diversification spending spree over the past decade. It is estimated that corporate SA has destroyed over R300 billions of value over the past decade through these offshore forays. Anchor Group CEO, Peter Armitage joins CNBC Africa for more.