As reported by, Anglo American group CEO Duncan Wanblad said that investors and business leaders were irritated by South Africa’s failing infrastructure – specifically load shedding and Transnet’s issues.
Although South Africa is not a basket case, international investment was “becoming more and more challenging because the country is becoming less and less competitive”. Despite the greylisting not affecting Anglo American directly, Wanblad said that the group could suffer if South Africa’s investment ratings dropped.
“We are on a long journey to rebuild our country and recover the ground we have lost. Our recovery is a mission that will take time to accomplish. We are on the recovery path, we refuse to be daunted by the challenges we face, we are confident that we will recover.” For the next five-year cycle, the president said that the new investment target is an additional R2 trillion, despite the dire global economic environment., the CEO of Business Leadership South Africa , previously said that the government has done little to make South Africa look attractive to investors.For instance, she said that National Treasury’s exemption given to Eskom, allowing it to skip reporting irregular, fruitless and wasteful expenditure, was a major blunder.
She said that another blunder was made by electricity minister Kgosientso Ramokgopa regarding his comments about making South Africa’s ageing coal power fleet a priority again – potentially diverting attention from the country’s shift to renewables.
Without a clear understanding and positive path of attracting local and foreign investor sentiments, the anc government is generating more confusion, less credibility and financial certainty within the market place! It is clearly time for the anc to take a serious introspection!
Such intermittent power supply makes it absolutely unfeasible!! 🤷♂️🤷♂️
Only government officials will invest in Africa, private investers are starting to run.
CyrilRamaphosa just visit the Mozambique borders to see the consequences of failed ports and rail. Km's of trucks transportating coal and other goods for export via Maputu.. this is what we get when a criminal syndicate runs government.. VoetsekANC
you must be a desperate investor to look to South Africa, but then again look at the risk profile of the major economies , raw metals may be the only stable investment with the financial bubble about to explode,
Ra.aphoza is NOT a bussiness man. His a cream sucker who socks off the cream from bussinesses run by other (mostly white) people. A cream sucker. How pathetic. Thats called BEE. A sistem that makes richer the rich black people and that makes poorer the poor black people.
fowardbow It’s Ramaphosa….. most corrupt president
And all along we thought his a business man
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Confronted with the consequences of years of under-investment, mismanagement and corruption in our electricity, rail and logistics sectors says the president? No, you guys are the architects of it.
Black excellence
EARLY ELECTIONS 📢
We r fkkkkked
lira12_joy Hahaha they didn't pay someone an invite or a bribe hence the Stellenbosch media is calling it a hoax.
Who in their right mind would invest in a place where electricity is off for 10+ hrs a day
ImhotepKofi ... we are a failed, captured, and welfare state....
Vote the ANC out of power
Truth be told, this guy has fucccked this country up. To think that this is on purpose is high treason
Top of the red flag list: anc
The only red flag is the ANC
lira12_joy 👌 who cares
ANC is a disgrace of a party. Lack of accountability everywhere. They talk about the mismanagement of the country as if it was done by another party. Ramaphosa talks as if it was someone else who destroyed SA. Zuma and others do the same. This bastards must get out of government.
Media and cleaver blacks are the only institutions that have faith mo Cyril
Single largest red flag is the ANC.
ANC &Ramaphosa's funders insisted on bringing back the indecisive, useless President! Frankly there's is no future for SA! Even this dream of removing the ANC in 2024 won't be a reality as per some people's wishes.Sabotage, corruption & stagnation is the name of the game for SA!
Failed state
doodlehabibi Keep voting for a colour neh...
Well done government. 👏👏👏
No Investments will not solve South Africa’s Social Decay, if South Africa cannot get its people to be productive it’s Rainbow Nation is Doomed into the History books!
Banana Republic
Don't bring any money close to this thieves and looters. They will steal and hide it in furniture and zozo tanks
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Only money Launderers and criminals would want to invest their money in South Africa
You keep pushing our rand value to its lowest,loadshetting just because of winter around the corner,and money laundering,you want money for yourself and not for the sake of our country so look where we are ending up because of our president
6 hours a day no lights who wil come n invest in south africa... Unfortunately nobody worries