# Absa interim CEO, Charles Russon, says government must do everything possible to de-escalate tensions with the US. Since taking office president Donald Trump has signed an executive order cutting aid to South Africa over the country’s expropriation policies and the treatment of Afrikaners. Recently, US banking giant JP Morgan downgraded the country’s equities, citing uncertainty over diplomatic ties and economic reforms. Russon says the markets and the investment community don’t like uncertainty. He adds that mending relations with the US at present won’t be easy.
Absa interim CEO warns SA to ease tensions with the US