Streaming issues? Report here
Aubrey Masango 1500 x 1500 2020 Aubrey Masango 1500 x 1500 2020
The Aubrey Masango Show
20:00 - 00:00
volume_up
volume_mute

The Aubrey Masango Show
20:00 - 00:00
Home
arrow_forward
Local

Kgosientso Ramokgopa appointed head of investment infrastructure office

4 November 2019 5:10 PM
Tags:
Cyril Ramaphosa
Jeff Radebe
David Makhura
Derek Hanekom
Kgosientso Ramokgopa

Kgosientso Ramokgopa resigned to allow Gauteng Premier David Makhura to comply with the African National Congress’ 50-50 gender parity policy and appoint a woman.

JOHANNESBURG - Former Gauteng Economic MEC Kgosientso Ramokgopa has been appointed to head the president’s investment infrastructure office on Monday.

The president has also appointed former ministers Jeff Radebe and Derek Hanekom, as well as Elizabeth Thabethe as special investment envoys.

The Presidency on Monday said the office would oversee coordination between all structures dealing with infrastructure development.

Ramokgopa resigned to allow Gauteng Premier David Makhura to comply with the African National Congress’ 50-50 gender parity policy and appoint a woman.

He was replaced by Morakane Mosupyoe, the former chairperson of the Social Development portfolio committee at the Gauteng legislature.

Meanwhile, Ramaphosa is facing an uphill battle to beat last year’s investment amount achieved at his inaugural investment conference.

This year’s investment conference is set to get under way in Sandton on Tuesday night.

The president’s first investment conference was able attract R300 billion last year.

The attendance by Alibaba boss Jack Ma also set the bar high. But can South Africa maintain that standard or beat it this year?

Development economist Ndumiso Hadebe said investments that are required to turn the economy around, such as manufacturing, also required stability from essential service providers such as Eskom and this has not yet been achieved.

Hadebe said it won’t be easy.

“It will be a difficult task for the president to convince investors because these investments are not only in financial markets, but they are fixed investments, like manufacturing, where you need to buy machinery and employ more people who would need to demonstrate commitment in the long term.”

But Hadebe said not all was lost.

“The challenges he faces are within the control of government, particularly with respect to our biggest risk, sovereign fiscal standing in Eskom. We saw the impact that the lack of power had in the first quarter GDP numbers of this year when we contracted 3.1% but, of course, when electrical power was much more stable, we saw an equitable improvement in the second quarter of this year.”

Hadebe said how President Ramaphosa would deal with reforms, including the unbundling and financing of Eskom, would be key in convincing more investors to come to South Africa.


This article first appeared on EWN : Kgosientso Ramokgopa appointed head of investment infrastructure office


4 November 2019 5:10 PM
Tags:
Cyril Ramaphosa
Jeff Radebe
David Makhura
Derek Hanekom
Kgosientso Ramokgopa

More from Local

international-travel-tourism-airport-borders-flight-destination-tourist-123rf

International travel regulations: 'Complexity, complexity and more complexity!'

30 September 2020 8:51 PM

Govt publishes list of high risk countries after mistakes made at the press briefing. Flight Centre's Andrew Stark responds.

Share this:
Read More arrow_forward

graduates-graduation-degree-diploma-university-higher-education-tertiary-123rf

4IR has changed the way higher education institutions teach - Prof Marwala

30 September 2020 7:00 PM

Vice-Chancellor of the University of Johannesburg Prof Tshilidzi Marwala says academic results have improved due to online learning.

Share this:
Read More arrow_forward

200731-blade-nzimande-edjpg

Nzimande says SA needs to develop a comprehensive COVID-19 vaccine strategy

30 September 2020 5:04 PM

Higher Education Minister Blade Nzimande gave a media briefing on how universities will come back.

Share this:
Read More arrow_forward

South African Airways SAA 123rf 123rfbusiness

SAA suspends all operations with immediate effect

30 September 2020 2:54 PM

Founding partner of BHK Crisis Communications Linden Birns says the airline will struggle to get investors in the future.

Share this:
Read More arrow_forward

200930-mkhululi-lukhele-edjpg

David Makhura suspends top health official over COVID-19 graft

30 September 2020 2:08 PM

The premier has taken the decision against HOD Mkhululi Lukhele based on SIU report into corruption related to PPE tenders.

Share this:
Read More arrow_forward

Boy hands tied up rope kidnap child abuse hostage violence trafficking 123rf

Racism as violence: 'We focus on response and not transgression,' says activist

30 September 2020 11:51 AM

Callers weighed in with a shared point that racism is an act of violence that strips people of their self-worth.

Share this:
Read More arrow_forward

Paedophile sexual abuse children 123rflifestyle 123rfhealth 123rf

Parents and community urged to work together to curb child abductions

30 September 2020 11:46 AM

Advocacy manager for Women and Men Against Child Abuse Ngaa Murombedzi says under-reporting impacts child kidnappings.

Share this:
Read More arrow_forward

judy-dlaminijpg

It is pathetic that people stole during COVID-19 pandemic - Dr Judy Dlamini

30 September 2020 8:03 AM

Mbekani Group founder and businesswoman reflect on the pandemic and how people can become job creators during these times.

Share this:
Read More arrow_forward

bmw-adpng

Will BMW need to pay up for 'appropriating' local muso's song for Gusheshe ad?

29 September 2020 8:42 PM

BMW's Heritage Month campaign features a Kwesta hit which samples another band's music. Advertising expert Andy Rice weighs in.

Share this:
Read More arrow_forward

Road Traffic

High court to hear application to have Aarto Act declared unconstitutional

29 September 2020 4:54 PM

The executive director of Outa’s accountability division, Stefanie Fick, says the Auto Amendment Act has not worked in 10 years.

Share this:
Read More arrow_forward