Germans will invest when SA cuts the red tape, says Merkel
German businesses want stability, chancellor tells Ramaphosa during her official visit
German businesses are interested in investing in SA, but “want to see good conditions put in place”, including less bureaucracy and “legal certainty”, German chancellor Angela Merkel said on Thursday.
The two countries are discussing cooperation in the energy sector, including renewable sources, she said during an official visit hosted by President Cyril Ramaphosa. Poor growth and what is seen as the slow pace of economic reforms have become focal points for investors.
Ramaphosa’s administration has made it a priority to make doing business in SA easier and seeks to attract R1.2-trillion in foreign direct investment to SA over the next five years...