Business Day quotes Segar as saying that companies were showing "lazy" balance sheets and were not using these to create new investments. He says that not only do companies have a mounting pile of cash but they also appear reluctant to borrow even though the interest rates are at their lowest levels in 30 years.
Segar says that companies should put their money to better uses than just leaving cash in low interest-yielding bank account where money will earn minimal levels of interest for the owners.
Read the full article on www.businessday.co.za.
