SAM MKOKELI: Investment drive is smoke and mirrors
Most indicators tell the story of a country in crisis, regardless of the huge sums of money committed at Cyril Ramaphosa’s fifth investment conference
16 April 2023 - 07:58
The dollar cost R12 when President Cyril Ramaphosa kicked off his investment attraction drive in April 2018 with a trip to London. Six years later, he and his government are still engaged in talk shops, and the dollar — South Africa’s share price — is around R18, having lost about half its value since then.
All the clichés were doing the rounds on Thursday when the government hosted the fifth instalment of its investment conferences. It appeared to be a simple case of “putting foot to pedal”...
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