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The MOU was signed by Mr. Philippe Richard, International Affairs Director of the Financial Services Regulatory Authority, ADGM and Mr. Nicolas Mackel, Chief Executive Officer of LFF. That the worldwide monetary disaster has had a damaging affect on the financial system is incontestable, but the lack of creativeness from the ANC authorities to deal decisively with mounting challenges of unemployment, poverty, atrocious training and waste of state sources has aggravated the issue.
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