South Africa has had a stroke of good luck – but companies are not confident investing here: CEO

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In a stroke of good luck, South Africa’s economy is currently benefiting from high global commodity prices – but this is not necessarily being matched by increased investment, says Business Leadership South Africa (BLSA) chief executive Busi Mavuso.

Writing in her weekly open letter, Mavuso noted that while the announcements around South Africa’s investment conference should be welcomed, there is still much that government needs to do to improve the operating environment.

Mavuso said people need to be confident both that global economic conditions will be positive and that the local business environment will be positive. “Otherwise, they won’t take the risk,” she said. Since 2018, the South African Investment Conference has become an annual event where domestic and foreign companies pledge, or largely repeat existing plans for, fixed investment in South Africa. Rather than rehash the

There is arguably merit in showcasing these investments to demonstrate to other firms contemplating investing in South Africa that many others are ‘taking the plunge’.

 

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