As he laid out an ambitious business-centred strategy to resurrect the economy, President Cyril Ramaphosa said he was confident he could attract more than $100-billion (about R1.2-trillion) of investment. "My main blueprint is to get investments going because one of the reasons we are in this low-growth environment is lack of investment, both internal and external," he said on Wednesday, referring to a growth rate that has been stuck below 2%, barely above the rate of population expansion. Asked for his blueprint to revive the economy, he said he would create a "conducive investment climate", including incentives. Last month, Moody's kept South Africa's credit rating at investment grade, changing its outlook to "stable" in recognition of what it said was the beginning of a reform push."I'm approaching it with a private-sector lens," said Ramaphosa, who left politics in the mid-1990s to become one of the country's most successful black business leaders. "When I was in the private sec...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now