He has conceded that the group’s leadership made tough calls in 2023 as post-tax profit slumped 86.9% and the company burnt through almost R1bn ($54m) to counter load-shedding.
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![Egypt’s Economy Hard Hit by Gaza War [Business Africa]](https://i1.wp.com/static.euronews.com/articles/stories/08/77/73/02/1024x538_cmsv2_317025b1-5dda-5da8-806d-cdc2e99f7937-8777302.jpg?w=1024&resize=1024,1024&ssl=1 "Egypt’s Economy Hard Hit by Gaza War [Business Africa]")
