Busi Mavuso, the CEO of BLSA, says that investment is not the only metric influencing economic growth.
Busi Mavuso, the CEO of Business Leadership South Africa , says that the president’s latest plans to attract even more investment should be complemented by other targets., President Cyril Ramaphosa sold the country to the world at the fifth annual investment conference to attract trillions in foreign and domestic investment.
While the president did not shy away from highlighting the challenges faced by the country, he stressed that the government has a roadmap and a handful of timelines to ensure that the challenges wouldn’t linger indefinitely. “Investment is not a good in and of itself. It is good for what it creates, including economic activity and enables citizens to live better lives,” she said.
“I have no doubt that pledges do add at the margin to the investment happening, but it is really only when investment trends pick up at the macro level that we can be confident something good is happening in the economy,” Mavuso said.
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