INVESTMENT
China’s thriving special economic zones show way forward for SA
Amid all the political and economic noise, it is important to remember that business goes on. It is encouraging to see the positive reception new ANC president Cyril Ramaphosa has received at the World Economic Forum in Davos. It is also only fair to praise the new Eskom chairman, Jabu Mabuza, for cancelling his plans to attend the gathering to focus on healing a major national sore. As SA’s deputy president, Ramaphosa has been leading the investment drive in Davos and has spoken of a new positive sentiment among potential investors. Certainly, the recent upswing in the rand indicates that the mood is shifting. However, with serious budgetary challenges facing the government and the need to prop up ailing parastatals — from Eskom to South African Airways and the South African Broadcasting Corporation — it is clear the country must seek new injections of capital expenditure. It will not be a smooth process. Sometimes a few steps back have to be taken to make a few strides forward, an...
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