JOHANNESBURG - New investors are likely to sit on the fence until South Africa is seen to be addressing its electricity changes.
That is the word from Nedbank CEO Mike Brown at the close of this year’s World Economic Forum in Davos, Switzerland.
READ: SA's electricity crisis | Activists take electricity regulator head-on
Team South Africa attended this year’s event without President Cyril Ramaphosa to sell the country as a viable investment destination.
However, the country’s power crisis, anaemic growth, and rising unemployment have been drawbacks.