Ramaphosa Outlines Case For Investing in SA at UK Africa Summit

Riyaz Patel

In its quest to position itself as an investment destination of choice, South Africa has placed good governance, growth enhancing reforms and macro-economic stability at the heart of its investment strategy, President Cyril Ramaphosa told a high powered gathering at the FT Africa Summit in London Monday.

“We have world class infrastructure, a sophisticated and well-regulated banking and financial services sector, an independent judiciary, strong institutions, an efficient revenue service, a diverse manufacturing base and an able workforce.”

Ramaphosa said South Africa has, since last year, been implementing key structural reforms “to address perennially weak growth, ignite economic activity, restore investor confidence and create jobs.”

In addition, Ramaphosa said, the so-called energy road map is being finalised. “We have taken steps to provide greater policy certainty in areas such as mining, oil and gas and telecoms as part of efforts to create a stable environment for investment.”

FT