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Bruce Whitfield interviews PSG CEO Piet Mouton about his letter, President Cyril Ramaphosa, pleading with him to lift the shutdown.
The PSG Group, through its CEO Piet Mouton, has written a letter to President Cyril Ramaphosa, asking him to lift the shutdown.
PSG employs more than 20,000 people and owns companies such as Capitec Bank and Curro.
“South Africa does not have the luxury of being locked up,” Mouton wrote.
Excerpts from Mouton’s open letter to President Ramaphosa (click here to read it in its entirety):
… We stay awake at night as we have a great responsibility to all of our employees and their families, to our customers, our suppliers, our bankers, our government, and ultimately to the people of our country. .
PSG Group
We congratulate President Ramaphosa and his cabinet on the swift and decisive way in which they acted to tackle the pandemic … Buy enough time to be as prepared as possible to face what may come … You are between a rock and a hard place and we do not envy your position …
PSG Group
… the inability to properly relax the constraints is causing serious damage to what remains of our fragile economy … The only option is a continuous blockade of the frail and elderly until the virus is contained or a vaccine is available, while that the economy operates as close to normal as possible …
PSG Group
… Please understand us correctly: We are NOT discussing economics over lives. BUT the truth is that lives are inextricably linked to the economy …
PSG Group
… we are headed for an immense cost of lives … If not for Covid-19, for starvation, social unrest, crime and a myriad of other chronic diseases that will follow …
PSG Group
… Please do not consider our abbreviated opinion as ruthless, it is exactly because we care about the well-being and future of our citizens, our children, their children and our country that we all love that we are talking about …
PSG Group
… we need to act faster to relax restrictions and revive our economy, on which our lives ultimately depend …
PSG Group
Bruce Whitfield from The Money Show He interviewed Mouton and Sandile Zungu, president of the Black Business Council.
We are not a rich country … If the economy fails, we will see people die … We must start the economy … Our suggestion is that the old and fragile remain locked up … but we continue normally …
Piet Mouton, CEO – PSG Group
Piet Mouton’s letter is a passionate plea from a patriot … I’m afraid I agree with what he says … What is expressed with much courage resonates …
Sandile Zungu, President – Black Business Council
Listen to the interview in the audio below.
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