Today's Big Stories

'Controversial investment bill could put off foreign investors'

Members of parliament passed the controversial Protection of Investment Bill this week, which has considerable implications for foreign investment in South Africa.

Once it becomes law, the bill will replace bilateral investment treaties concluded in the late 1990s.

Standard Bank's global investment strategist, Chris Hart said the bill has the potential to exacerbate the economic challenges in the country and see investors head to other African countries such as Kenya.

Listen to the full conversation from CapeTalk's Breakfast with Kieno Kammies:

Government is ostensibly dictating the ground rules for investment and doing business in South Africa. Foreign groupings and industries don't like the bill at all.

Chris Hart, Global Investment Strategist at Standard Bank

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