HILARY JOFFE: Slow SA raises doubt that investment conferences serve any purpose

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Ramaphosa has another one coming off on Thursday, but businessmen and diplomats are frustrated, writes Hilary Joffe

If you stand at a view site that overlooks the giant processing complex at Exxaro’s Grootgeluk coal mine, you see Eskom’s Matimba and Medupi power stations in the distance.

The coal from Grootgeluk, SA’s largest coal mine and the world’s third-largest, is carried by conveyor belts to the power stations, which together supply a big chunk of SA’s electricity. Exxaro partnered the government to take a party of journalists up to the mine last week, ahead of President Cyril Ramaphosa’s fourth annual investment conference on Thursday...

 

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POLITICAL WEEK AHEAD: Investment conference and Human Rights Day celebrations take centre stageSA to host its fourth investment conference at the Sandton Convention Centre on Thursday South Africa can jump start its economy if it does the following: 1-Remove the race based BBBEE laws! 2-Remove all labour law red tape! 3-Reduce Corporate Income Tax to 22%! (This will be lowered to 27% this year tho Another speak shop aka Investment Conference, amid government control/ misdirection/ insane labour laws, what’s the point
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