Fin24

Motlanthe reassures investors

2012-03-02 11:22

Cape Town - Deputy President Kgalema Motlanthe has assured investors that South Africa is stable, despite concerns over supposed differing economic policies.

"Government policies as well as policies of the ruling party are very clear," he told delegates at the Ernst and Young Strategic Growth Forum in Cape Town on Friday.

"As a young democracy, people will engage in debates... The trick is knowing which views influence policies, and how policy is adopted," he said.

Recent calls by the ANC Youth League for the nationalisation of mines and for more aggressive land reform policies have worried some investors.

Motlanthe said the country is politically and economically stable.

South Africa's strengths are its well-regulated banking system, a wide range of investment opportunities and its links to regional trade, he said.

Comments
  • Boer - 2012-03-02 11:29

    Ja boet.

      kgomotso.radise - 2012-03-02 12:06

      As if they will believe you boet

  • eben.ferreira1 - 2012-03-02 11:36

    Some of your Ministers frequently call for controversial changes to policies end law. Even Zuma is not happy with the decisions of the Constitutional Court Judges and would prefer a free hand to determin outcomes. Then when investors see these moves as possibly detramental to investing in our country, you try to pacify them with non truths. Do you really thing people in general are this stupid?

  • Ben - 2012-03-02 11:45

    Thousands may believe him. Lets all work together, cut out all nonsense and prove it to the world. People tend to believe what they see.

      msendi - 2012-03-02 12:13

      You cannot fool the world. How many times you tried, how many times you failed???

  • gennath - 2012-03-02 11:46

    lol, sure Mr. Kgalema, the investors will just take your word for it...

  • ben.nel2 - 2012-03-02 12:01

    I find it disconcerting if I have to be reassured the whole time.

  • Phillip - 2012-03-02 12:05

    And he is smoking what?????

  • stalin.rudolf - 2012-03-02 12:19

    With the country's Labour Laws, Cipro now in the gravy train screwing us business people, tender system, and corruption at its highest. Sorry investors i am actually thinking of closing my business and leaving my 300 personnel jobless. ek is moeg. i am not creating any more jobs to aid this corrupt state.

      appietrader - 2012-03-02 16:16

      You are not alone, trying to work with uncouth, rude and useless civil servants made me close shop! Moved all my investments to London, waiting for the property market to come right might give up????

  • Nigel - 2012-03-02 14:16

    the trick is ...TO STOP SENDING MIXED SIGNALS !!!!!

  • Nigel - 2012-03-02 15:29

    Mr Mothlante "we want investment, South Africa is such a wonderful investment destination", just as Implats !!!!!

  • Klaus - 2012-03-02 16:18

    Oldest story about, when do you know a Politician is lying - answer, when he moves his lips :)

  • Jacques - 2012-03-02 18:16

    Yes and when you invest you better adapt BEE otherwise we take your bussiness or close it down. Please invest people all is healthy in SA. Come on Rio Tinto come invest billions in mining. Realy it is such a healthy enviroment when you are not African (Supposadly as Chinese have BEE status but the Afrikaaner who has been here some 300 years longer has no status). It is like heaven their is no yearly strikes with unreasonalble demands. It will never happen that staff strike and ask for a 300% payrise especialy in mining causing you bueget to go from blcak into red in two weeks. You know what the tax system is great. you will find the taxes you pay being double of other countries trying to attract investment is spent so wisely. And they will not after they miss spend your hard earned tax, and when all money dissapears, increase your tax. Dont worry about that. Come one Kgalema stop being a clown and get serious

  • Angela - 2012-03-03 10:00

    Viva comrades viva . It's true . You are the greatest and keep it up .

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