PETER BRUCE: The right people, the right numbers – Ramaphosa’s winning strategy
After the investment summit, things seem to be falling into place for Ramaphosa
Something was bothering me over the weekend, from the start of President Cyril Ramaphosa’s investment summit. Its wasn’t all the numbers pouring out of the meeting. I get that lots more people attended than had been expected. I get that the investments pledges are big – I read anything between R134bn and R290bn. And I get that some of that money is “old” in that it had been pledged or even invested before. There’s a sore need to compile a ladder, like they used to do with those thermometers when charities set themselves a goal to raise R10,000 and the “mercury” would rise each day. Ramaphosa can’t afford for people to become blasé about the investments he’s chasing. It should be a national project. Where will the next money come from, we should be asking. But Mercedes-Benz can invest the R10bn it promised in June only once. It can’t pop up as new money four months later at the investment summit, Mr President. People will stop believing you. But there’s a simple solution. Draw up a l...
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