RONAK GOPALDAS: As trust declines in state and business, the social contract must be rewritten or rejected
Amid concern over SA yet optimism too, investment is hobbled by continued uncertainty
The contours of SA’s political and economic landscape are subtly shifting, and are likely to look fundamentally different come 2024. Investors are confused over how to position themselves, with many expressing the sentiment that the country is forever taking one step forward and two steps back. Many see green shoots of progress, at the same time as big causes for concern. As a result they cannot decide whether they should be sanguine or sceptical about the country’s trajectory.
This uncertainty is hobbling investment. The reality is that there is evidence of both progress and failure, and cause for optimism and pessimism. This assortment of views was on display during last week’s “SA Inc — back to basics” panel at the Southern African Venture Capital and Private Equity Association (Savca) virtual conference, in which I participated. The discussion provoked a critical evaluation of where we are and where we are headed, but there was an absence of high-conviction views. The lon...
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