The problem with the president’s investment summit

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'Without good public governance, accountability, and transparency, resources generated in the five years of the InvestmentConference will be squandered, poorly managed and unaccounted for by this government.' - MamokgethiMolopyane Moneyweb

The annual South African Investment Conference – the fourth of which was held this past Thursday – aims to raise R1.2 trillion by its fifth year . The summit, championed by President Cyril Ramaphosa and supported by substantial pledges from companies in diverse industries, is perhaps the ultimate display of the ability of Ramaphosa’s New Dawn to woo the private sector and garner support for social collaboration.

Read the AG’s report before you invest in a municipality, says Sapoa CEO Thus, there are threats to the successful use of investments from the summit. These threats are the quality of government, poor public governance, and the politicians. Additionally, an inefficient public administration and a weakened desire to tackle corruption have escalated problems of governability.

 

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