Policy success in three to five key areas will go further than casting the net too wide without the means or capacity to implement overly ambitious plans
SA urgently needs to find a cure for the Jekyll-and-Hyde syndrome that so often leaves the economy reeling from the effects of its more troublesome personality. Like the fictional characters of the tale in which the likable Dr Jekyll is transformed into the evil Mr Hyde, SA’s strengths that potentially make it a desirable investment destination often hide some darker realities that leave investors anxious and second-guessing.
Despite a long history of injustice that has resulted in high levels of unemployment and racialised inequality and exclusion, SA’s strong manufacturing base, world-class financial system and relatively skilled workforce have helped the country overcome its geographic disadvantage of being situated far from major trading partners.
Against this background, SA must identify strategies to position itself as an attractive and compelling investment destination in a highly competitive world. Serious investors take a long-term view, and any uncertainties make their calculation of the reward needed to make investment viable that much higher. These calculations are informed by the actual strengths and weaknesses of the economy, not by the promises contained in policy planning documents.
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