National
Political stability crucial to ensure continued confidence – Mabuza─── 16:40 Wed, 25 Apr 2018
Deputy President, David Mabuza, says a positive change in investor sentiments in the South African economy will support President Cyril Ramaphosa’s call to meet a goal of 100 billion dollars in foreign direct investment over the next 5 years.
Mabuza is answering oral questions in the National Assembly. Last week, Ramaphosa unveiled an investment power team to woo investors worldwide.
Mabuza has called on investors to seek opportunities in the country, saying they will assist in dealing with unemployment, poverty and inequality.
He says it is likely that government’s initiatives to seek more international investment will be boosted following the recent positive reviews from ratings agencies.
Mabuza says political stability will be crucial to ensure continued confidence.
