EDITORIAL: A dash of Macron's ooh la la would help turn things around in SA
A lesson to be learnt from Emmanuel Macron is that to attract investors, promises must be specific and implementation swift
As the government and business gear up for the investment conference that President Cyril Ramaphosa has promised for later in 2018, it’s worth drawing contrasts with the investment conference his French counterpart hosted in January, when Emanuel Macron met 140 global CEOs in Versailles. Ramaphosa wants to attract $100bn in new investment over the next five years to boost SA’s growth rate and create jobs. He is hoping to be able to announce concrete projects at the conference. He has tasked four high-level envoys to romance foreign and local investors in an effort to build confidence and elicit those billions in new projects. His new administration has promised policy certainty and reforms that will boost SA’s sluggish growth rate. But though he has done much in a short time to turn around the governance of financially ailing state-owned enterprises and started rebuilding institutions that were wrecked by the Zuma administration, the programme of growth-boosting reforms he has promi...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.