Cyril Ramaphosa tells world: Here’s what investor-friendly SA looks like

EDINBURGH — President Cyril Ramaphosa is making a concerted effort to get the world media to focus its collective spotlight on South Africa with a view to encouraging investment. He has got his spin doctors to publish another opinion piece, with his by-line, in the influential Financial Times. At the first investment summit, Ramaphosa is aiming to highlight decisions aimed at stimulating economic growth and boosting employment rates. An infrastructure fund and a strategy to attract more tourists are on the agenda. Land reform – a major concern for investors – is on the cards, though Ramaphosa has worded the summary of the details carefully to emphasis that changes will only be decided after a measured process. The Mining Charter is being revised, while renewable energy initiatives – rather than controversial nuclear build activities – are also being emphasised. – Jackie Cameron

By Cyril Ramaphosa

President Cyril Ramaphosa writes in the London-based Financial Times: "In the early 1990s, when South Africans from across the political spectrum met to negotiate an end to apartheid, many observers were sceptical about the chances of success. Yet we did the unthinkable, and took the country from the brink of civil war through a peaceful transition. 

"Although apartheid ended more than two decades ago, its effects remain evident in the social and economic structure of South Africa. An effort is required, therefore, to generate economic growth, address shortcomings in infrastructure, stabilise the public finances, accelerate employment and generally ensure that all South Africans reap the benefits of prosperity. 

"A conference in Johannesburg this week will highlight the many investment opportunities in South Africa. It is part of a drive by the government to mobilise $100bn in new investment over the next five years. We are also establishing an infrastructure fund, as part of an economic stimulus and recovery plan, which will prioritise roads, water infrastructure, schools and public transport." 

___STEADY_PAYWALL___