Investment Conference: Hundreds of billions of rands already pledged

[TheChamp]

Did you know that BAIC promised 95bn in investments here in SA? Did you know the IDC owns 35% of BAIC? How much money did they pay for this share? While I am convinced BAIC is still only using the ANC governments' money, I highly doubt they spent a single cent of their own money.

Did you forget that I am the one who posted that BAIC link, containing that very same information about the IDC stake in BAIC? That time when you were so sure that no local business, or specifically international investors, will invest under the current economical and political climate, remember?

 

[Visser]

Did you forget that I am the one who posted that BAIC link, containing that very same information about the IDC stake in BAIC? That time when you were so sure that no local business, or specifically international investors, will invest under the current economical and political climate, remember?

Well, I am sure any company would 'invest" in SA if they can do so using IDC money instead of their own.

 

[ForceFate]

Well, I am sure any company would 'invest" in SA if they can do so using IDC money instead of their own.

IDC owns 35% of the venture.

 

[Visser]

IDC owns 35% of the venture.

You think the 35% was given for free? I doubt it.

The IDC probably gave them 9bn for a 35% share.

 

[ForceFate]

You think the 35% was given for free? I doubt it.

The IDC probably gave them 9bn for a 35% share.

What do you mean "given for free"?

You're probably trolling now.

 

[genetic]

I would love to know who's dormant account Visser was...

 

[TheChamp]

I would love to know who's dormant account Visser was...

Maybe Visser will tell us since SA is doomed and he is leaving. No more need for secrets.

 

[HBee]

I doubt they would've announced such investments if they had serious doubts about conditions.

And you base your doubts on politicians that never lie and our super investor friendly environment?

 

[HBee]

Sounds more like wishful thinking, unless you can tell us what those conditions are?

Not even goverment can tell you what the conditions to investment are, so I would call it more logical thinking.

 

[Milano]

Pledges So likewise we will soon be able to pay SARS with IOU's?

Cute. But markets do not move based on pledges with scant details in a economy in which the fundamentals and policies are all wrong.

 

[ForceFate]

And you base your doubts on politicians that never lie and our super investor friendly environment?

Some of these investors are based locally and use established local consultants for these kind of decisions. I'm fairly certain they have a clearer picture.

 

[MrGray]

SA’s GDP was R5 trillion in 2017. So while R149 billion sounds like a big number it really isn’t. Also, how much of this is new investment that would not have happened anyway as part of these mostly locally established companies normal operations? While it’s good to know companies like Mercedes are planning on sticking around for now, are the amounts mentioned not just their normal operating expenditure as they update plants, maintain operations, etc? In other words how much of this represents a true expansion of the economy, vs just ticking over?

 

[ForceFate]

SA’s GDP was R5 trillion in 2017. So while R149 billion sounds like a big number it really isn’t. Also, how much of this is new investment that would not have happened anyway as part of these mostly locally established companies normal operations? While it’s good to know companies like Mercedes are planning on sticking around for now, are the amounts mentioned not just their normal operating expenditure as they update plants, maintain operations, etc? In other words how much of this represents a true expansion of the economy, vs just ticking over?

It may be the case. Updating plants is an investment on its own. However, some may be small expansion projects as well as environmental compliance upgrades. All investments nonetheless.

 

[Zukat]

Pledges mean absolutely nothing, we clap hands and move on. No one bothered before, but wait the Cyril's speech was so inspiring, that everyone are suddenly convinced and making it rain now, on the day when Moody is thinking of downgrading us. Investments just dont work like that.

 

[DreamKing]

so many idiots are already celebrating for so many meaningless lies of their great great leader.

 

[ForceFate]

so many idiots are already celebrating for so many meaningless lies of their great great leader.

Heil Ramaphosa!!!

 

[access]

this time it will be different. you see, the people in charge were in charge of the wrong things, thats all. watch now this time they will do it right, give them another chance.

a few botched train deals or something... easy come, easy go.

 

[ForceFate]

this time it will be different. you see, the people in charge were in charge of the wrong things, thats all. watch now this time they will do it right, give them another chance.

a few botched train deals or something... easy come, easy go.

These are private companies investing mostly in their own factories and infrastructure.

 

[access]

These are private companies investing mostly in their own factories and infrastructure.

i have no reason to believe what ever they are doing or announcing is in the best interest of everyone else. or that it will work out that way.

these government officials can setup their own private companies and force trade through them. as ive heard is done currently. like a fat leech.

 

[ForceFate]

i have no reason to believe what ever they are doing or announcing is in the best interest of everyone else. or that it will work out that way.

these government officials can setup their own private companies and force trade through them. as ive heard is done currently. like a fat leech.

It's not only government officials who do this. The same directors and managers in the private sectors are in on it too. A lot of times they use fronts.