Mboweni says SA will punt structural reforms for SOEs at WEF
JOHANNESBURG –
Finance Minister Tito Mboweni said on Thursday that South Africa would punt government efforts to implement structural reforms at State-Owned Enterprises (SOEs), and the country’s political stability, in a bid to attract foreign direct investment next week at the 50th annual World Economic Forum (WEF) in Davos, Switzerland.
Finance Minister Tito Mboweni said on Thursday that South Africa would punt government efforts to implement structural reforms at State-Owned Enterprises (SOEs), and the country’s political stability, in a bid to attract foreign direct investment next week at the 50th annual World Economic Forum (WEF) in Davos, Switzerland.
Speaking at the pre-WEF breakfast briefing in Johannesburg, Mboweni presented a broad framework which TeamSA will reference in presenting South Africa as an investment destination of choice.
Mboweni will lead TeamSA to Davos at the time the country is going through one of the worst economic crises, punctuated by lack of energy supply by Eskom, job losses which are adding to record high unemployment, and a looming credit rating downgrade by Moody’s to sub-investment.
Source: iol.co.za