The European Union (EU) has been a significant investor in South Africa, with long-standing investments in a variety of sectors. However, the potential for further investment has been limited by uncertainty surrounding business-friendly policies in the country. The lack of policy certainty has been a major concern for many EU investors in South Africa. Unclear policies lead to delays in investment decisions, increased risk, and a lack of confidence in the regulatory environment, ultimately discouraging companies from investing.Rui Marto, president of the EU Chamber, has called for the facilitation of business-friendly policies. “We hope that these policies, assisted by implementation through the various government departments, as well as a visible fight against corruption and interrelated bureaucracy, will be addressed shortly by the South African government to boost investments and trade between Europe and South Africa.”
Policy uncertainty holds back investment
15 May 2023 - by -
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