FOOTNOTES
HILARY JOFFE: Cyril Ramaphosa faces uphill battle to reach investment target
Where will the $100bn in new investment aimed at by President Cyril Ramaphosa come from over the next five years? Ramaphosa, who launched his investment drive in May, told Parliament this week that the special envoys he had appointed to meet potential investors in SA and abroad would convey that SA was "on a path of economic renewal" and explain why the country is an attractive destination with unrealised potential. The plan is that the investment drive will culminate in an investment conference later in 2018 at which new investments will be announced. So, the race is on to pin down the projects that will drive growth and jobs. The Presidency is looking for about $40bn of that to come from within SA. It is in talks with state-owned companies to expand what they are doing in infrastructure spending.Ramaphosa’s meeting with economic-cluster ministers this week focused on what is on the books and what the blockages are. Beyond that, the Presidency is looking to commitments from the UK ...
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