SA fails to lure foreign investors

[Nod]

Source

Global foreign direct investment may have surged in 2006, but South Africa was one of the few countries that failed to lure foreign investors, with inflows dropping some 43 percent from 2005.

SA attracted inflows of just $3.7-billion, despite a continued growth trend for Africa as a whole.

Meantime globally FDI rose by 34.3 percent over the previous year to $1.23-trillion, according to projections released by the UN trade and development agency.

 

[NewsFlash]

To be expected with crime levels high and government attitudes as it is.
Begging is Mbeki's forte' not attracting investments

 

[Leitmotif]

Mbeki doesn't beg... he merely ignores the problem.

Regardless, the crime isn't Mbeki's fault... blame our fantastic minister of safety and security, our mob boss head of police, and all of the other wonderful people who set policy in the SAP.

 

[RompelStompel]

and all of the other wonderful people who set policy in the SAP.

Pre or post-1994 SA Police ?

 

[Nod]

Pre or post-1994 SA Police ?

Doesn't matter, we live in the now *checks date on time machine*, yeah, in the now

 

[NewsFlash]

Mbeki doesn't beg... he merely ignores the problem.

Regardless, the crime isn't Mbeki's fault... blame our fantastic minister of safety and security, our mob boss head of police, and all of the other wonderful people who set policy in the SAP.

And who is the leader or "Manager" of so called MEC?

 

[NewsFlash]

Mbeki doesn't beg... he merely ignores the problem.

Regardless, the crime isn't Mbeki's fault... blame our fantastic minister of safety and security, our mob boss head of police, and all of the other wonderful people who set policy in the SAP.

Does not beg, every tour he had was to beg for free cash.
Crime is' Mbeki's fault as he is the leader, manager and policy administrator, even regards to security.

 

[icyrus]

Mbeki doesn't beg... he merely ignores the problem.

Regardless, the crime isn't Mbeki's fault... blame our fantastic minister of safety and security, our mob boss head of police, and all of the other wonderful people who set policy in the SAP.

I would say it is his fault as he is at the top of the pile and eventually the buck stops with him.

One of the biggest obstacles to foreign investment here is not the crime but how backward we are when it comes to technology, especially telecoms.

 

[Nod]

It seems that business have to operate/grow in spite of governmental policy, and not because of it.

 

[Leitmotif]

In response to all above: I agree that Mbeki is ultimately responsible. However, his major sin is that he set up a cabinet and expected them to do their job. The problem as I see it is the people who've decided that their job consists of looking good and going after soft targets, and then obscuring anything that shows how dismal their performance actually is.

Tech is another sore point, but I believe future viability of the country (ie. the land not dropping off into typical african anarchy) is more important.

 

[Cara]

Mbeki doesn't beg... he merely ignores the problem.

Regardless, the crime isn't Mbeki's fault... blame our fantastic minister of safety and security, our mob boss head of police, and all of the other wonderful people who set policy in the SAP.

My vote goes to the Mob boss in charge of policing

Mbeki at least keeps up appearances for us overseas, this chap on the other hand is like something out of the Sopranos

 

[telkomsuig]

labor policies, telecoms costs recently,anal immigration policies and lack of vision by government is the biggest reasons for the lack of investments. Free trade/tax free zones, incentives for investment and bulk investment by government in infrastructure business needs (roads/rail etc) did wonders for countries like the UAE, Malaysia even Vietnam. Yet our gvt tries to micro manage every industry and spent all their money building houses in the veld for people without jobs and no hope to be employed (half of this money is stolen anyway).

Add to all this the 25% freeBEE premium it costs to invest in any company in south africa and it becomes clear why investors are not all that keen on investing here and creating jobs.

 

[DigitalSoldier]

Mbeki doesn't beg... he merely ignores the problem.

Regardless, the crime isn't Mbeki's fault... blame our fantastic minister of safety and security, our mob boss head of police, and all of the other wonderful people who set policy in the SAP.

http://www.mg.co.za/zapiro/imagePage.aspx?YearId=2007|MonthId=1|DayId=10

todays Zapiro nicely illustrating our safety minister and police chief

 

[kilo39]

Global foreign direct investment may have surged in 2006, but South Africa was one of the few countries that failed to lure foreign investors, with inflows dropping some 43 percent from 2005.

That is shocking. Perhaps people don't like being told how to run their companies, who they should employ, and how many of them (or what colour.)

Least of all international companies. It's a big world and they'd rather not deal with the Apartheid policies (whether digital, AA, or BEE) of this SA 'government.'

 

[LoneGunman]

Agreed, the view from the US perspective at least, is that ANY legislation which forces companies to consciously consider ethnic origins, is racism - regardless of the (good) intentions of the lawmakers.
Money is colour blind - and SA's gov - alongside of the unfolding slow train wreck of Zimbabwe, I'd suggest, is justifiably making investors look to more stable places without the red tape, ethnic origin focus, and civil unrest (ie: 'crime')

 

[IanC]

Agreed, the view from the US perspective at least, is that ANY legislation which forces companies to consciously consider ethnic origins, is racism - regardless of the (good) intentions of the lawmakers.
Money is colour blind - and SA's gov - alongside of the unfolding slow train wreck of Zimbabwe, I'd suggest, is justifiably making investors look to more stable places without the red tape, ethnic origin focus, and civil unrest (ie: 'crime')

Couldn't agree more, other than to add that I think Zim is unfolding at a rather faster rate Uncle Bob expected.

 

[Syndyre]

Mbeki doesn't beg... he merely ignores the problem.

Regardless, the crime isn't Mbeki's fault... blame our fantastic minister of safety and security, our mob boss head of police, and all of the other wonderful people who set policy in the SAP.

And who appoints those people? Mbeki.

 

[Syndyre]

http://www.mg.co.za/zapiro/imagePage.aspx?YearId=2007|MonthId=1|DayId=10

todays Zapiro nicely illustrating our safety minister and police chief

Would be funny if it wasn't so sad.

 

[Syndyre]

Agreed, the view from the US perspective at least, is that ANY legislation which forces companies to consciously consider ethnic origins, is racism - regardless of the (good) intentions of the lawmakers.
Money is colour blind - and SA's gov - alongside of the unfolding slow train wreck of Zimbabwe, I'd suggest, is justifiably making investors look to more stable places without the red tape, ethnic origin focus, and civil unrest (ie: 'crime')

Exactly, global investors can invest anyway, why should they come here when the govt offers no incentives and just throws up obstacles?