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Ramaphosa faces uphill task in last leg of investment drive

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The president is expected to announce a new five-year investment drive with a target of R2-trillion

President Cyril Ramaphosa is this week expected to face the arduous task of rallying investors behind his new five-year, R2-trillion investment drive amid SA’s energy crunch as Eskom experiences multiple generation failures at its ageing coal plants.

Ramaphosa’s presidency is seen by investors as being conducive to the rapid implementation of reforms to electricity, rail, ports and water infrastructure, thereby bolstering economic growth, state revenue and economic stability. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

 

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Investment drive: R1 trillion and counting. So why do we feel worse off?Sarah Smit | President Cyril Ramaphosa is set to more than achieve his “audacious” commitment to raise R1.2 trillion of investments in five years. Why? SAns don’t see any of it. Unless it’s all for more grants Why does he think he'll still be president after 2024? Lol
Source: mailandguardian - 🏆 2. / 92 Read more »