‘The nation is in mourning,’ Ramaphosa tells business leaders ahead of WEF

Business executives want to see more progress, in particular with the prosecution of people suspected of corruption, for confidence to be restoredPresident Cyril Ramaphosa took on the difficult task on Wednesday morning of addressing business leaders on SA’s attractiveness as an investment destination in an atmosphere weighed down by the violent crime sweeping the country.

Residents have reportedly taken part in co-ordinated attacks, looting foreign-owned businesses in Tembisa, Alexandra, Hillbrow, Cleveland, Jeppestown and the Johannesburg CBD since Sunday. The violence continued on Tuesday, spreading to other areas including Germiston on the East Rand. Similar violence also took place in the Pretoria CBD last week.

He said the Integrated Resource Plan — SA’s long-term plan for meeting SA’s energy needs — was “close to being finalised”.

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