South Africa, KSA, UAE: Investment pledges necessary for ANC to offset adverse domestic policy
- July 16, 2018
- - 7:20 pm
Summary: The investment pledges by Saudi Arabia and the United Arab Emirates advance President Cyril Ramaphosa’s goal of raising $100 billion in foreign investment. But as the commitments by the Gulf states are probably less firm than the political imperatives the South African government faces in preventing an unprecedented general elections loss in 2019, the Ramaphosa administration will find itself turning to alternative investment scenarios to offset increasingly adverse domestic economic policies. Summary President Cyril Ramaphosa returned July 16 from official visits to the Kingdom of Saudi Arabia (KSA) and the United Arab Emirates (UAE) announcing pledges of $10 billion …
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