SA woos UK, Ireland for foreign investment

Deputy President, Paul Mashatile told UK entrepreneurs South Africa is primed for investment. Picture: The Presidency/XJudging by the visit of Deputy President Paul Mashatile and his delegation to Ireland and the UK, it seems that the Government of National Unity is on a charm offensive to attract foreign investment, especially for critical infrastructure, just energy transition and technology start-ups and to boost bilateral trade.

The thrust of the GNU mantra has been: “Building investor confidence in South Africa and driving foreign direct investment into SA”. A stocktake and impact assessment and measurement of the transformative nature of government policies in such a short GNU gestation period may dispute the government’s line.When Team GNU indulge in foreign forays, it is vital to avoid the temptation of over-indulging in a rhetoric of aspirations that will put off some investors.

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