Jy kan ook hier na die potgooi op iono.fm luister. This interview was originally aired on RSG Geldsake and has been translated into English in this transcript. RYK VAN NIEKERK: The Fifth South African Presidential Investment Conference kicks off tomorrow. President Cyril Ramaphosa set up the conference five years ago to attract more investment and stimulate economic activity, as well as promote economic growth.
n that context we are not a marketing organisation. What we have been doing for the past three years or so, especially since the Covid pandemic, is far more about helping companies wishing to invest – companies interested in South Africa or Africa – to get their investment over the hurdles, if I may put it like that, because there are many stumbling blocks for people wanting to invest. So we really have not been seeking investment from companies that don’t know anything about South Africa.
There are several types of investments made, and each is very specific. It’s not necessarily about the country or our big problems – it relates to opportunities in a particular sector, such as renewable energy or agriculture, or what we have recently seen regarding water from other countries. So where there is a problem, there is also an opportunity. There are people both overseas and locally that see these opportunities and want to inject [investment funding]. RYK VAN NIEKERK: That’s right.
That can happen only if South Africa can become a more attractive investment destination, which means that we have to change a lot of our economic policy to draw in private sector capital, whether domestic or foreign, for projects, etcetera. But that’s all about better policy in our economic setup.
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