HILARY JOFFE: Cabinet and Sona must send the right signals
Talking up the SA story is not, on its own, going to elicit the kind of investment SA needs
President Cyril Ramaphosa's first state of the nation address (Sona), in February last year, sent a strong message of growth and job creation and promised a major push to encourage significant new investment in SA. His second such address, in February this year, reported significant progress and committed to a more detailed set of initiatives to improve conditions for doing business, including restructuring Eskom. Now he is set to deliver his third Sona in June. Will he say and do what's needed to make SA investible? It may seem an odd question, given the success of his October investment conference and the strides made in tackling corruption and governance issues at key state institutions. Yet as he and SA have painfully discovered over the past year of static growth, rising unemployment and declining real investment, talking up the South African story and tinkering at the edges is not, on its own, going to elicit the kind of investment SA needs to put it on a new, job-creating gro...
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