The scale of unemployment and inequality in SA is such that you cannot “start somewhere” with large set-piece investments and hope things percolate downwardsSA has its own odd version of the “economic calculation problem”.
The pitch was off but there was a strange belief evident in the countability of individual investments: if you just have more individual commitments from individual companies with rand amounts attached, and more hands on which to count them, you will be fine. In this conception, because a certain company is investing in this industry and another in another industry it’s a sign of life in each industry.
It is ultimately a government mindset thing, and partly why there is so much business frustration with the government and so a gluing to the floor of business sentiment. The lack of X factor at the UK-Africa investment summit was telling. There was no “Have you seen the Kenyans?” in hushed whispers of excitement about SA — despite some interesting companies present at the exhibition in the summit. Speaking to people around the edges of the summit — private and public sector investors, international and regional development banks — it was evident there was a lack of interest in SA.
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PETER ATTARD MONTALTO: What counts for SA investment is not numbers but the X factorThe answer lies in stoking uncontrolled optimism, but in reality there is no hubbub of excitement about SA
منبع: BDliveSA - 🏆 12. / 63 ادامه مطلب »