'For SA's economy to grow, government and businesses need to work together'

'For SA's economy to grow, government and businesses need to work together'

6 November 2019 8:53 AM

President Cyril Ramaphosa announced on Tuesday at the South Africa Investment Conference 2019 that last year's summit brought R290 billion worth of investment to South Africa.

RELATED: Ramaphosa addresses Financial Times Africa Summit

Bongani Bingwa chats to Sanlam chief executive officer Ian Kirk to discuss the summit, which has attracted both global and national potential investors.

He says it is tough to do business in South Africa as it is a low growth environment and there is a struggle to get business confidence.

However, it has been tough before but like the president, we have confidence that we will start doing the right things and from now on things will change.
— Ian Kirk, CEO - Sanlam

Business needs to ensure a rise in investment.

As long as it is within our business strategy, businesses in the country will continue to invest. And because a business like Sanlam has a lot of competition, that competition requires us to invest in other African countries which the government fully supports.
— Ian Kirk, CEO - Sanlam

The government needs to work with business and labour around the concept of inclusive growth, he adds.

For South Africa's economy to grow, the government and business need to work together.
— Ian Kirk, CEO - Sanlam

Listen below to the full interview:

Written by: Matshepo Sehloho

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