Attracting FDI should be ‘priority’ for SA

The country is in desperate need of structural reform.

The hope is that money will continue to come in for South Africa as a result of President Cyril Ramaphosa’s $100 billion investment drive. More on how and where the investment will come from and which sectors will receive investment will be revealed at the upcoming investment conference taking place in Johannesburg next week.

Dr Martyn Davies, MD of Emerging Markets & Africa at Deloitte, talks to Classic Business Breakfast with Moneyweb about what to expect from the conference. He says we need structural reforms in order to attract more investment into SA and that more Foreign Direct Investment needs to go into rural areas and not only urban areas.

 

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