Bold reforms have been made to support investment, says minister
The second SAIC, to be held on November 5 to 7 with the theme “Accelerating Economic Growth by Building Partnerships”, aims to mobilise R1.2trillion in new investments by 2023. The first, held last October, saw R300billion committed in South Africa by local and international investors.
Trade and Industry Minister Ebrahim Patel said yesterday: “Bold reforms have been made to support investment as we look forward to partnering local and international investors to turn more investment commitments into bankable projects at SAIC 2019.”
The president’s economic adviser, Trudi Makhaya, said: “Over the past year the government has made steady progress on making it easier to do business, by focusing on factors that contribute to the country’s improved competitiveness,” she added.
According to the 2019 World Economic Forum Global Competitive Index, released last week, South Africa ranks number 1 out of 141 nations in budget transparency, which, she said, illustrated a “robust and transparent political governance system.”
Source: iol.co.za
