SA’s policy and political certainty, particularly around land reform, still remains a cause for concern, Deputy Finance Minister Mondli Gungubele said at a business breakfast on Thursday. While there is fear of potential destabilisation, not addressing it would be a greater source of uncertainty, he said. In February, the National Assembly adopted a resolution brought by the EFF to begin a process to amend the Constitution allowing for land expropriation without compensation. State-owned entities (SOEs), particularly Eskom, were also a source of concern. "SOEs are supposed to be value add to the government and not value subtraction. The private sector is necessary to ensure that." Despite the contentious land issue and concerns around SOEs, investors remained excited about SA. President Cyril Ramaphosa’s appointment and his firm stance on corruption bode well for SA’s relationship with the International Finance Corporation, said IFC CEO Philippe Le Houerou. "With your new president ...
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