Africa’s Biggest Bank Says Ramaphosa Winning Graft Battle
- President delivering on pledge to stamp out graft, Fuzile says
- Restructuring of state utility Eskom ‘must be stepped up’
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South African President Cyril Ramaphosa is making inroads with his crackdown on corruption that became endemic during his predecessor’s almost decade-long rule, according to the continent’s biggest bank.
“I’m very confident that he is winning the battle,” Lungisa Fuzile, the chief executive of Standard Bank Group Ltd.’s South African unit, said in an interview with Bloomberg TV. “The speed may not be what we wish for, but these issues are very complex. The fight against corruption is well underway.”