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WOOING INVESTORS

26th October 2018

By: Darlene Creamer

     

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President Cyril Ramaphosa has rightly concluded that South Africa will not be able to extricate itself from its current low-growth trap in the absence of far higher levels of investment. He has, thus, set a goal of attracting $100-billion in domestic and foreign investment over the coming five years and is hosting the much-anticipated Investment Conference this week. The summit is taking place against a backdrop of low confidence, ongoing policy uncertainty and the ugly spectre of State capture. Potential investors will, thus, want to see evidence that government is making decisive inroads in addressing one of the biggest obstacles to investment and business confidence: corruption.

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