SA will be hard to sell in Davos for Mboweni
Mboweni has expressed confidence that they will present a strong investment case for the country as he leads a delegation representing the government, business and labour to the investor networking meetings.
Mboweni last week said they would be frank about the economic challenges facing the country, particularly the rolling blackouts that have crippled production.
But independent analyst Ian Cruickshanks said it was too late for the country to turn its fortunes around in the absence of wide-ranging economic reforms. Cruickshanks said it was time for the government to inspire business confidence, which remains at 30-year lows.
“It took 10 years to break this economy down, so it’s not going to get fixed overnight. There is no way we are going to get the economy back on track. It’s gonna be a difficult case to sell for Team SA. I’m sorry to be so negative, but we have to be realistic,” Cruickshanks said.
Source: iol.co.za