Investors remain sceptical of SA five years after the disastrous Zuma era because the decline has not stopped
President Cyril Ramaphosa delivers the keynote address at the African Mining Indaba 2022 in Cape Town Picture: ESA ALEXANDER
This is not me saying this, it is reflected in the Fraser Institute’s Investment Attractiveness Index, where SA is ranked lower than ever before. This shouldn’t come as a surprise to anyone living in the country.
If ordinary, engaged and reasonably well-read South Africans can’t give you a conceptualisation of Ramaphosa’s political and economic vision and its concomitant action plan, then do not expect potential investors to be able to do that either. And therein lies the crux of our investibility problem. We will only be able to truly align the institutions that drive our economy and the policies to frame our economic trajectory if we have a vision along which to align.
So, what are investors to do when they look to SA? They see a country with no clear realistic political or economic goals and no trackable plan attached to a vision. Bring along your own vision — don’t wait for the administration to conjure one up. Consider the factual realities of the country and postulate a vision along those possibilities and impossibilities.
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