Africa’s prosperity relies on taking control of investment in its infrastructure
Relying on foreign investment for economic development always comes at a price
To safeguard its economic future, SA needs to be involved in as many current investment and finance conversations and initiatives as possible – especially regarding infrastructure. Last month, President Cyril Ramaphosa took part in a World Economic Forum round table in Johannesburg. This month, Brazil, Russia, India, China and SA will come together at the three-day Brics Summit in the same city, followed by a big investor conference in SA before the end of the year, as suggested by Ramaphosa. The president has also embarked on an investment drive to raise about R1.3-trillion for the next five years. Africa overall needs to invest more than $114bn (R1.5-trillion) per year to connect the continent with the arteries of global trade. The Brics Think-Tank Council held a meeting on urgent socioeconomic challenges earlier this year in Johannesburg with the theme “Envisioning inclusive development through a socially responsive economy”. Meanwhile, the Brics Business Council has nine working...
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.