20°C / 22°C
  • Fri
  • 27°C
  • 10°C
  • Sat
  • 31°C
  • 11°C
  • Sun
  • 30°C
  • 14°C
  • Mon
  • 29°C
  • 16°C
  • Tue
  • 30°C
  • 15°C
  • Wed
  • 25°C
  • 15°C
  • Fri
  • 22°C
  • 17°C
  • Sat
  • 19°C
  • 15°C
  • Sun
  • 19°C
  • 14°C
  • Mon
  • 19°C
  • 13°C
  • Tue
  • 20°C
  • 13°C
  • Wed
  • 20°C
  • 13°C
  • Fri
  • 29°C
  • 11°C
  • Sat
  • 31°C
  • 14°C
  • Sun
  • 32°C
  • 15°C
  • Mon
  • 31°C
  • 18°C
  • Tue
  • 29°C
  • 16°C
  • Wed
  • 27°C
  • 18°C
  • Fri
  • 28°C
  • 10°C
  • Sat
  • 32°C
  • 11°C
  • Sun
  • 31°C
  • 16°C
  • Mon
  • 32°C
  • 19°C
  • Tue
  • 32°C
  • 18°C
  • Wed
  • 26°C
  • 17°C
  • Fri
  • 22°C
  • 19°C
  • Sat
  • 23°C
  • 17°C
  • Sun
  • 23°C
  • 16°C
  • Mon
  • 21°C
  • 17°C
  • Tue
  • 21°C
  • 18°C
  • Wed
  • 22°C
  • 18°C
  • Fri
  • 21°C
  • 13°C
  • Sat
  • 20°C
  • 15°C
  • Sun
  • 19°C
  • 14°C
  • Mon
  • 18°C
  • 12°C
  • Tue
  • 18°C
  • 13°C
  • Wed
  • 19°C
  • 12°C
  • Fri
  • 30°C
  • 14°C
  • Sat
  • 24°C
  • 13°C
  • Sun
  • 20°C
  • 9°C
  • Mon
  • 19°C
  • 7°C
  • Tue
  • 21°C
  • 9°C
  • Wed
  • 25°C
  • 9°C
  • Fri
  • 23°C
  • 16°C
  • Sat
  • 18°C
  • 13°C
  • Sun
  • 17°C
  • 12°C
  • Mon
  • 16°C
  • 11°C
  • Tue
  • 18°C
  • 12°C
  • Wed
  • 20°C
  • 12°C
  • Fri
  • 30°C
  • 12°C
  • Sat
  • 31°C
  • 14°C
  • Sun
  • 33°C
  • 16°C
  • Mon
  • 33°C
  • 19°C
  • Tue
  • 31°C
  • 18°C
  • Wed
  • 28°C
  • 17°C
  • Fri
  • 29°C
  • 11°C
  • Sat
  • 31°C
  • 13°C
  • Sun
  • 32°C
  • 15°C
  • Mon
  • 31°C
  • 12°C
  • Tue
  • 33°C
  • 12°C
  • Wed
  • 33°C
  • 14°C
  • Fri
  • 29°C
  • 13°C
  • Sat
  • 29°C
  • 13°C
  • Sun
  • 29°C
  • 16°C
  • Mon
  • 23°C
  • 16°C
  • Tue
  • 31°C
  • 15°C
  • Wed
  • 28°C
  • 17°C
  • Fri
  • 21°C
  • 14°C
  • Sat
  • 20°C
  • 13°C
  • Sun
  • 18°C
  • 12°C
  • Mon
  • 17°C
  • 10°C
  • Tue
  • 18°C
  • 11°C
  • Wed
  • 18°C
  • 11°C

Will Ramaphosa beat last year’s R300bn investment commitments?

This year's investment conference is set to get under way in Sandton on Tuesday evening.

President Cyril Ramaphosa. Picture: GCIS

JOHANNESBURG - President Cyril Ramaphosa is facing an uphill battle to beat last year's investment amount achieved at his inaugural investment conference.

This year's investment conference is set to get under way in Sandton on Tuesday evening.

R300 billion - that's the staggering amount of commitments that Ramaphosa's first investment conference was able to attract in 2018.

The attendance by Alibaba boss Jack Ma also set the bar high. But can South Africa maintain that standard or beat it this year?

Development economist Ndumiso Hadebe said investments that were required to turn the economy around such as manufacturing also require stability from essential service providers such as Eskom and this had not yet been achieved.

Hadebe thinks this year, it won't be easy.

“It will be a difficult task for the president to convince investors because these investments are not only in financial markets, but they are fixed investments, like manufacturing, where you need to buy machinery and employ more people who would need to demonstrate commitment in the long term.”

But Hadebe said all was not lost if the stability of state-owned entities like Eskom were addressed.

"We saw the impact that the lack of power had in the first quarter GDP numbers of this year when we contracted 3.1% but of course, when electrical power was much more stable, we saw an equitable improvement in the second quarter of this year.”

He said how Ramaphosa would deal with reforms, including the unbundling and financing of Eskom, would be key in convincing more investors to come to South Africa.

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

comments powered by Disqus