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Ramaphosa wants end to ‘investment strikes’

The deputy president called on the private sector to invest more in the economy.

FILE: Deputy President Cyril Ramaphosa. Picture: Sapa.

CAPE TOWN - It's time for private sector companies to end their investment strikes, Deputy President Cyril Ramaphosa said on Wednesday.

He was delivering his maiden speech in Parliament during a debate on the Presidency's budget vote.

Analysts believe policy uncertainty and lack of confidence has led to many companies holding off on investing billions of rands.

Ramaphosa says the government's investing.

He urged President Jacob Zuma to call on big business to show its confidence in the economy by following suit.

"They [investors] must show their confidence in our economy and our country by investing."

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