Monday, 16 May 2016

ANC GOVERNMENT'S WASTEFUL MISSION TO NOWHERE

Deputy President Cyril Ramaphosa recently led a large delegation of ministers and business leaders to the World Economic Forum (WEF) in Kigile, Rwanda. The delegation's primary purpose was to attract potential investors under the trite slogan that South Africa was open for business. It did not resonate at the WEF in Davos earlier this year, and very likely has fallen on deaf ears in Kagile as well. Realistically what did South Africa's delegation have to offer potential investors? Certainly not a thriving economy replete with viable economic indicators for attracting direct foreign investment. So, on what facts was Ramaphosa able to hail the WEF mission as "fruitful?" Also, on what facts could he represent to investors that positive returns on investment "are almost guaranteed in the infrastructure and ICT sectors" of South Africa? Answers to these questions remain unanswerable - no facts, no data, except Ramaphosa's proclivity for rhetoric over reality. What does not escape one is the wasteful cost to taxpayers in sending a delegation on a mission doomed to fail.

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