President Cyril Ramaphosa outlined the “steady, but sure” progress being made to make South Africa a “more competitive investment destination” as he sought to consolidate an investment push designed to attract $100-billion (R1.2-trillion in 2018 exchange rates terms) of fixed investment over the five-year period to 2023. Addressing investors and potential investors from 22 countries at the second South Africa Investment Conference in Sandton on Wednesday, Ramaphosa said that government was in the process of implementing several reforms to improve the business climate and attract further job-supporting investment. The President made specific reference to the liberalisation of the country’s tourist and business visa systems, which had been held up as a major constraint to tourism growth, as well as to ensuring that foreign companies could bring in international managers and executives.
