Standard Bank CEO Warns South Africa Against Broad Migration Crackdown, Citing Brexit Lessons
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AFRICA’S LARGEST BANK WARNS THAT STRICTER IMMIGRATION POLICIES COULD HURT SOUTH AFRICA’S ECONOMY
AFRICA’S LARGEST BANK WARNS THAT STRICTER IMMIGRATION POLICIES COULD HURT SOUTH AFRICA’S ECONOMY, SAYING MIGRANTS ALSO CREATE JOBS, PAY TAXES AND BOOST ECONOMIC GROWTH The Chief Executive of Standard Bank, Africa’s largest bank by assets, has cautioned that tighter restrictions on migration could have unintended consequences for South Africa’s economy. According to the bank’s CEO, […] The post AFRICA’S LARGEST BANK WARNS THAT STRICTER IMMIGRATIO…
Standard Bank CEO Warns South Africa Against Broad Migration Crackdown, Citing Brexit Lessons
Screenshot By Dorrothy Moyo Standard Bank Group Chief Executive Sim Tshabalala has cautioned South Africa against introducing sweeping restrictions on migration, arguing that evidence suggests migrants make important contributions to the economy and warning that the country should learn from Britain’s experience following Brexit. Speaking during the Kgalema Motlanthe Foundation Winter Seminar, Tshabalala said migration…
By Simpiwe Sim Tshabalala, CEO of Standard Bank Group One of the recurring arguments of anti-migrant discourses is that foreigners take jobs, draw wages down and make little contribution to the society that receives them. These claims are simply contradicted by the facts. Overall, migration is beneficial to economic growth and promotes job creation, according to Sim Tshabalala.
Standard Bank CEO Warns South Africa Against Restrictive Migration Policies, Citing Brexit’s Economic Lessons - The Zimbabwe Mail Standard Bank CEO Warns South Africa Against Restrictive Migration Policies, Citing Brexit’s Economic Lessons
JOHANNESBURG – Africa’s largest bank by assets has cautioned South Africa against adopting overly restrictive migration policies, arguing that migrants play a critical role in supporting economic growth, expanding domestic demand and strengthening regional trade rather than simply competing with local citizens for jobs. Speaking at the Kgalema Motlanthe Foundation Winter Seminar in Johannesburg, Standard Bank Group Chief Executive Sim Tshabalala…
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