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Labrish
Nyuuz
South Africa pushing investors away
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[QUOTE="Munyaradzi Mafaro, post: 35181, member: 636"] According to PSG Financial Services CEO Francois Gouws, South Africa scares away potential investors with business-unfriendly policies. The country needs fresh investment money, but recent laws have hurt market confidence. Policies from the past six months have damaged business trust. The government has pushed ahead with plans that make the business world nervous. President Cyril Ramaphosa promised major investments to fix the struggling economy. His national health insurance plan faces criticism as unaffordable, and new land laws have also made investors uncomfortable. These choices cool down interest despite South Africa's economic potential. The health plan lacks clear financial details after twenty years of planning. The revised land bill caused US President Trump to stop aid because he believed white farmers were losing land. No properties have actually been taken since apartheid ended in 1994. The mere change in law creates doubt among potential backers, making people hesitate to invest money. South African assets remain cheap across all markets despite these problems. [/QUOTE]
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Labrish
Nyuuz
South Africa pushing investors away
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