Organised business in SA is happy with consultation on land-reform process
Echoing Theresa May's sentiment, Business Unity SA says it will help unlock investment potential for the country
Organised business in SA has expressed satisfaction with the continuing deliberations around the land-reform process, including expropriation without compensation, but called for the speedy resolution of the matter as it will be key in terms of bringing about the policy certainty necessary to attract investment. On Tuesday, British Prime Minister Theresa May endorsed SA’s approach to land reform, but emphasised that the process must be legal and transparent. Speaking during a business forum in Cape Town, May downplayed suggestions that the process could hurt SA’s drive to attract investment, saying the UK was, in fact, looking to invest heavily in SA and Africa in the coming years. “By 2022, I want the UK to be the G7’s number one investor in Africa, with Britain’s private-sector companies taking the lead,” said May. The G7, a group comprising some of the world’s major industrialised nations, but which does not include China, is a key investor on the continent. May was in SA as p...
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