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...

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