No issue is more pressing than South Africa’s long-term failure to attract investment. For no other issue are the consequences so severe. The country’s anaemic growth, and the socio-economic consequences that arise from it, trace to South Africa’s poor investment performance.
Turning this around is imperative for the future of the country. The rate of investment in South Africa stands far below that of its global peers. As a proportion of GDP, investment in South Africa stands at less than 15% of GDP, in stark contrast to its peer economies, which routinely achieve rates in excess of 30%. The 30% level, incidentally, is what the National Development Plan envisaged.
How South Africa has…
Nelson Mandela: Nelson Mandela, an anti-apartheid revolutionary, was
imprisoned for 27 years and became South Africa’s first black president in 1994.
Little Cobra
Fun South African Fact: The meandering 850km road through Cape Winelands is the world’s longest wine route.
Swampmasher
Which unit describes the intensity of light in South Africa? Nelson Candela