Mashatile says SA is not selling its soul for foreign investment

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Deputy President Paul Mashatile further added that the ANC no longer views privatisation as a ‘swear word’.

Deputy President Paul Mashatile said that the ANC does not view bringing private sector money into SA as ‘selling your soul’ to foreign investors. Picture: The Presidency/X

He told the Financial Times that the African National Congress does not view bringing in private sector money into SA is “selling your soul”.Government and in particular the deputy president has faced criticism from organisations including the South African Federation of Trade Unions shifting its view on privatising State Owned Enterprises like South African Airways and the Passenger Rail Agency of South Africa .He noted that these trade relations had been stagnant for years before his trip.

“Our numerous meetings with potential investors have revealed a shift in their attitudes and perceptions towards South Africa, indicating an optimistic outlook,” he explained. has had its ups and downs, telling the Financial Times that there have been clashes with the Democratic Alliance .

 

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