SA needs readjustment of policy trajectory to attract investments - institute
The South African Institute of Race Relations (IRR) on Friday said South Africa needed a readjustment of its policy trajectory if it hoped to attract the investment that will secure the country’s economic future.
"Rather than more deliberation, South Africa needs a reorientation of its policy trajectory if it hopes to attract the investment that will secure South Africa’s economic future,” said Terence Corrigan, IRR project manager.
The South Africa Investment Conference 2018, led by President Cyril Ramaphosa, kicked off on Friday at the Sandton Convention Centre in Johannesburg. The three-day summit, which is being attended by business leaders and civil society, aims to raise at least $100-billion (R1.4-trillion) in investment over the next five years.
Corrigan said in a statement that if the investment summit is to be successful and sustainable, it would need to convey a very clear message that South Africa welcomed business, and offered a secure environment in which to operate.
“The IRR warns, however, that the summit will inevitably take place under the shadow of the drive to institute a programme of Expropriation without Compensation (EWC), ostensibly to accelerate land reform. Deep misgivings have been expressed about this by business people, as even government representatives have conceded,” he said.
“It will not be enough for government to offer non-binding assurances, or even to provide a ‘coherent narrative’ or ‘policy certainty’. Policy certainty is an important consideration for investors, but it will be of limited value if the policy itself is counterproductive,” added Corrigan.
“The IRR can confirm, as a result of engagements with local and foreign businesspeople - the degree of concern that is felt at the government’s plans. The sense that the country is on the way to becoming ‘uninvestable’ has been repeatedly expressed,” concluded Corrigan.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
















