Investor roadshows key to presenting 'united front' in SA, says Bonang Mohale

Finance Minister Pravin Gordhan will arrive in South Africa on Tuesday morning following an instruction by President Jacob Zuma for Gordhan and Deputy Finance Minister to return from their international investment promotion roadshow.

Also read: Zuma either flexing muscles or plotting a reshuffle, says Stephen Grootes

Deputy Chairman of Business Leadership South Africa (BLSA) says investment roadshows are an important part of presenting a 'united front' between government, business labour and civil society.

This comes after ratings agencies raised flags around South Africa's sluggish economic growth, political uncertainty and other issues.

The three ratings agencies are looking for credible proof that we are creating an investment-friendly climate.

Bonang Mohale, Deputy Chairman of Business Leadership South Africa

Mohale, who has been a CEO since 1996, says ratings agencies want to see that there is good co-operative governance in South Africa.

He explains that a downgrade from ratings agencies to junk status could see the country's costs of living and borrowing increase.

Mohale himself has attended many investment roadshows in order to boost the credibility of South Africa's economy.

He says perceptions about political instability and speculation about a Cabinet reshuffle raises red flags with ratings agencies.

Take a listen to the engaging discussion:


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by NEWSROOM AI
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