24/02/2013
"Foreign direct investment (FDI) in South Africa grew about 25 percent between 2007 and 2011"
"In contrast, and reflecting the more diverse character of the South African economy, FDI is spread across a far greater range of sectors"
"Factors such as ongoing labour unrest, rating downgrades and perceived political uncertainty will have an impact [on investors], along with deteriorating conditions in the global economy."
"But, with growth in the global economy expected to pick up in the second half of the year, we expect growth in FDI to resume."
All above is very true, now hoping on the statement below:
"... urge the government to smooth the path of companies doing business in Africa through South Africa by providing for tax relief for headquarter companies in this month’s Budget. "
And please don't forget the agriculture sector ;-)
Michael Lalor, the Ernst & Young (E&Y) Africa business centre leader, said in a presentation in Johannesburg yesterday that the country was consistently ranked the most attractive destination in Africa.
