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Stephan Lichtenauer | נח סתו「‘Not very pleasing’ – <a href="https://mastodon.africa/tags/Ramaphosa" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Ramaphosa</a>’s tough talk to <a href="https://mastodon.africa/tags/Gauteng" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Gauteng</a> ahead of <a href="https://mastodon.africa/tags/G20" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#G20</a> Summit[...]“This year, we have the opportunity to host the G20. It will manifest itself in about 130 meetings. Some of these meetings will happen here in Gauteng,” said Ramaphosa.“As these meetings happen, it is the opportunity for Gauteng to gear up, to demonstrate that we did not make a mistake by choosing Gauteng to host the G20 meeting.“We were correct in choosing Gauteng, <a href="https://mastodon.africa/tags/Johannesburg" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Johannesburg</a>, to be the host of the G20. Gauteng must showcase itself to the world. It must be at its best in terms of the physical presentation and environment. Let us make our metros presentable.”Ramaphosa also talked tough with the executive when he expressed his disappointment with the environment, which he said was not pleasing.“Sometimes it’s good to be direct and say it as it is; I should say that one or two meetings of the G20 that I attended here were not very pleasing.“The environment that one observed was not a pleasing environment. I say this so that we can improve immensely,” said Ramaphosa.He called on the executive to address the governance failures, financial <a href="https://mastodon.africa/tags/mismanagement" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#mismanagement</a>, crumbling infrastructure, <a href="https://mastodon.africa/tags/crime" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#crime</a>, lawlessness and unreliable <a href="https://mastodon.africa/tags/ServiceDelivery" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ServiceDelivery</a> that are destroying Johannesburg. G20 routesLast week, Joburg mayor Dada <a href="https://mastodon.africa/tags/Morero" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Morero</a> faced backlash for saying the city’s clean-up campaign would prioritise G20 routes.The mayor said: “We have prioritised certain routes within Johannesburg, which are G20 routes, to ensure that at least we can make them at the standard at which they should be. No <a href="https://mastodon.africa/tags/potholes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#potholes</a>, no traffic signals that are not working.”」<a href="https://www.citizen.co.za/news/ramaphosa-gauteng-clean-up-g20-summit/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.citizen.co.za/news/ramaphosa-gauteng-clean-up-g20-summit/</a>

Stephan Lichtenauer | נח סתו「SA’s foreign investment story is better than you think <a href="https://mastodon.africa/tags/SouthAfrica" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#SouthAfrica</a> has seen a net FDI inflow (inflows minus outflows) every year since 2018, says PwC’s April Economic Outlook bulletin.“This may come as a surprise to some considering the country’s economic challenges and obstacles faced by private business. Many would expect that outflows would overshadow inflows. However, data from the <a href="https://mastodon.africa/tags/SouthAfricanReserveBank" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#SouthAfricanReserveBank</a> (<a href="https://mastodon.africa/tags/Sarb" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Sarb</a>) shows that the country’s net <a href="https://mastodon.africa/tags/FDI" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#FDI</a> flows averaged R58 billion per annum after the global financial crisis when excluding 2021.”[...]South Africans have a generally negative view of public <a href="https://mastodon.africa/tags/governance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#governance</a> and <a href="https://mastodon.africa/tags/ServiceDelivery" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ServiceDelivery</a>, but the country does better than many think on objective measures such as the <a href="https://mastodon.africa/tags/WorldBank" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#WorldBank</a>’s Worldwide Governance Indicators (WGIs), which measures six factors, such as regulatory quality, rule of law, control of <a href="https://mastodon.africa/tags/corruption" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#corruption</a> and government effectiveness for more than 200 countries. SA ranks about midway in the WGI ranking.Because South Africans have witnessed a decline in the quality of public services, many assume the country underperforms its peers. This is a narrow view.Being a middle-of-the-pack performance rather than something more dismal accounts to a large extent for the moderately positive view of the country’s governance held by foreign investors.」<a href="https://www.moneyweb.co.za/news/economy/sas-foreign-investment-story-is-better-than-you-think/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.moneyweb.co.za/news/economy/sas-foreign-investment-story-is-better-than-you-think/</a><a href="https://mastodon.africa/tags/GoodNews" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#GoodNews</a>

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