The fallout of the coronavirus pandemic and the government’s lockdown may threaten President Cyril Ramaphosa’s investment drive, with companies such as Sappi and Growthpoint reviewing spending plans that formed part of R360bn worth of investment commitments made in 2019.
This is a bad sign for Ramaphosa’s goal of achieving his target of $100bn in investment over five years, which was announced to much fanfare in 2018.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.