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| Keeping the lights on key to investment, say CEOs

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Nedbank’s Chief Executive Mike Brown says the key to attracting investment into South Africa’s economy lies in fixing ailing infrastructure, particularly in the energy sector.

“If we look at our large corporate customers… they want South Africa’s infrastructure that they rely on to operate competitively to work. We are a country where so much of our economic infrastructure that we hear about, energy, logistics etc, is in the control of state-owned monopolies… and if it does not work efficiently or effectively businesses simply cannot invest profitably on top of that weak foundation,” said Brown.

The JSE’s Fourie said that the key to investors pouring into SA as an emerging market was ensuring growth and improvement. During the discussion, Mavuso said that businesses would continue to hold the government accountable while trying to improve the country’s trading environment. “The renewable energy asset class is the fastest-growing asset class. If you look at our local statistics, 4GW have been registered through the National Energy Regulator of South Africa in renewable energy,” said Fourie.

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