There’s little reason to think investors would want to sink capital into a place where government can arbitrarily seize what investors have built over many years
08 November 2021 - 14:26 Chris Hattingh
Speaking to the SA Tomorrow conference hosted by the JSE with Old Mutual, Standard Bank and UBS, President Cyril Ramaphosa said government had taken a “number of steps to improve the investment environment” (“Investors urge SA to accelerate structural reforms”, November 7).
Further, for government to take seriously any investment drive (not simply buzzwords), it needs to step very carefully with the current ongoing localisation master plans. These not only have the potential to undermine the African Continental Free Trade Area, but would also slowly undermine SA businesses’ competitiveness (as some will receive subsidies and other protections from international competition).
LETTER: Master plan misnomer
Localisation policies have been imposed on industries that don't call for them, without consultation