Fin24

Investors query SA land policy, tenders

2011-06-14 15:39

Cape Town - Concerns about land ownership and procurement processes were among those raised by delegates attending a department of transport international investor conference in Cape Town.

"These were issues that were raised by participants and investors... (including) what was the position on land ownership," transport director general George Mahlalela told delegates on Tuesday at the end of the two-day event.

He said investors - who the department is hoping will partner with the government in key road, rail and maritime infrastructure projects to the tune of R200bn - had also asked questions on "local content requirements".

He did not elaborate. His wrap-up of the conference's outcomes was shortened after delegates indicated they were in a hurry to go for lunch.

Mahlalela invited them to communicate with the department "as from Monday" should they have any queries about the multi-billion rand investment opportunities on offer.

He gave no indication of the extent of investor interest in the 11 key strategic investment areas his department has identified.

The areas focus mainly on rail and road infrastructure, including plans by the Passenger Rail Agency of SA to acquire new commuter coaches at an estimated capital cost of R86bn.

The list also includes five projects by the SA National Roads Agency - including work on various national route toll roads and the upgrading of other roads around the country - at a total cost of about R85bn.

Earlier on Tuesday, Transport Minister Sibusiso Ndebele signed a further bilateral air service agreement with his Cameroon counterpart Bello Bouba Maigari.

It is understood the agreement will see South African Airways operating return flights to Cameroon four times a week.

"Long live air transport cooperation between South Africa and Cameroon," Maigari said at the signing ceremony.

Comments
  • Greegs - 2011-06-14 16:16

    Would u want to invest in SA with Malema lurking?

      Niel Meiring - 2011-06-14 16:43

      no. i would not

      PIM - 2011-06-14 16:45

      Actually, yeah...the beauty of capitalism...the reason they are still fighting to get into Zim!!! You and your ilk might think SA is hopeless, but for everyone of you and your n24 "friends" I'll show 1000s who think OTHERWISE...in spite of JM!!!

      PIM - 2011-06-14 16:45

      Actually, yeah...the beauty of capitalism...the reason they are still fighting to get into Zim!!! You and your ilk might think SA is hopeless, but for everyone of you and your n24 "friends" I'll show 1000s who think OTHERWISE...in spite of JM!!!

      Boer - 2011-06-15 07:13

      Hell NO.

      piet.strydom - 2011-06-15 12:57

      Actually, The Harvard Business Review has Africa as a the next growth story in th eworld, in their May 2011 issue. And the gateway to Africa, is South africa. That is why the rand is so strong, everybody wants in.... Including Walmart. And the combined African economy is much larger than that of India!

  • andrew.b.pratt - 2011-06-14 16:23

    "They were in a hurry to go for lunch"...... Love it!

      call a spade - 2011-06-14 16:45

      Exactly my thoughts Andrew. Lunch at that time more important than waht the guy have to say which anyway will be meaningless.

  • Niel Meiring - 2011-06-14 16:38

    thought this was coming...there you go.

  • Kobus - 2011-06-14 16:55

    Suggest you don't invest. Your money and property are not safe here.

  • Anonymous Thinker - 2011-06-14 16:55

    Those investers better bring in their own accountants! Guaranteed most of that money will be spent on inflated tenders awared to friends and family. And let's not forget the fat politicians pockets...

  • Virginia - 2011-06-14 17:11

    Good for the investors, if I was them I would stay out of this country, it would only mean more for Malema to steal. The leaders of this country do not realise what harm Mr Malems ranting and raving about nationalising. Investors want their investment to be solid and looked after but you cannot guarantee this in this country

  • captainm - 2011-06-14 17:35

    So Cameroon is buying South Africa?

  • semaj - 2011-06-14 17:46

    Most detractors forget that there are loads of people who have invested their entire lives in this country and are loath to see that all collapsing. Those self-same people remember scraping together cents per month in order to make a small investment that eventually, by the miracle of capitalism and obviously compound interest grew to the point where they could make a material difference to their circumstances. No wonder that they ponder why the handout masses cannot achieve the same eventually.

  • MC2010 - 2011-06-15 10:00

    Why not invest? The margins in Africa are massive because of the risks and it is sooo easy to smoke Africans out of their last dime! Just ask the cellular phone operators.

  • umlaut - 2011-06-15 10:56

    I will be surprised if any of the anc will invest the money that they got by dubious means or by extremely high salaries or otherwise in SA. Malema may take it all for himself shortly.

  • Andrew - 2011-06-15 15:34

    We don't need foreign dollars and euro’s coming into the country… Oh wait… that’s what the whole world cup was about… apparently… Who's got the GPS Coordinates for Malema's home? I need to calculate glide slopes and a trajectory matrix…

  • Andrew - 2011-06-15 15:39

    We don't need foreign dollars and euro’s coming into the country… Oh wait… that’s what the whole world cup was about… apparently… Who's got the GPS Coordinates for Malema's home? I need to calculate glide slopes and a trajectory matrix…

  • Justinpassin - 2011-06-15 16:50

    Yes, and all these infrastructure deals will go through Chancellour House like the power station deals. These idiots cannot even fix a pothole but the grandoise schemes abound. That's where the kickbacks are.

  • Just Someone - 2011-06-20 18:13

    Yes, PIM. You can show us "thousands" who thinks differently, but I can show you millions thinking the same way. The ANCYL is just a few of the millions. They want our land, our money, our businesses. If they could have our souls, they would have taken it. The ANCYL is the ZANU-PF. They are the ANC's military wing, as well as Zimbabwe's. Just a different name they have in South Africa. And the threats, trust me, it is real. If the ANC does not do anything soon things will get bad. And by "do anything" I mean disband the ANCYL altogether and expose them as the terrorist group they are. Then, Malema should be in jail for murder (multiple farm murders that he incited) and for terrorism. Think about it. If someone goes to Obama and threatens him to make policy changes "or else", he will be considered a terrorist. Case closed!!!

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