Ebenyo wrote:https://www.businessdailyafrica.com/corporate/companies/Political-uncertainty-hit-EABL-half-year-revenues--Diageo-says/4003102-4278200-1486d4a/index.html
Eabl has started by blaming election period.Will other companies follow suit?
Not just EABL. Look at firms that have released Profit Warnings... the election looms large.
[Though to be fair to these firms, the prolonged election did cause a lot of uncertainty and losses.
Construction had slowed down, folks were wary and domestic travel/tourism was slow around the election dates, the multiple holidays impose a wage and productivity cost, etc.
Transporters would have locked up their lorries.
Firms like Williamson had equipment destroyed in 2007 would probably idle their equipment or move it elsewhere for the period.
Flower firms in Naivasha had slowed down and let some workers take leave.
Some shops/supermarkets closed early or not open during election day and election eve.
There's a domino effect when there's uncertainty and fear.
It should not be so but that's the new reality post-2007.
Netflix probably did well!]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett