No room for cynicism as drive to attract investment heats up

Business

No room for cynicism as drive to attract investment heats up

Easy to be dismissive of effort to attract $100bn of spending in SA but it is critical that efforts gain traction

Allan Seccombe

There is, as should be expected, a fair amount of hype from companies around the now-annual investment summit called by President Cyril Ramaphosa for November 5-7.

Ramaphosa is under tremendous pressure to correct the ills of nearly a decade of disastrous leadership under his predecessor Jacob Zuma and his acolytes that has brought SA to the brink of economic disaster.

Part of Zuma’s legacy is the shambolic nature of state-owned enterprises, with Eskom in financial meltdown, struggling to find viable answers to its R450bn of debt, and a grossly inflated civil servant wage bill...

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