SA’s economic trouble | Visa delays frustrate investors

#eNCA speaks to Jean Claude Lasserre, Chairperson of the French Trade Advisors. #DStv403

JOHANNESBURG - Investment in South Africa may be hampered by visa approval delays, according to French Foreign Trade Advisors.

French companies have committed to invest more than R50-billion in the country.

READ: SA reinstates transit visas

They also currently employ over 65,000 South Africans.

But those investments may be in jeopardy due to the delays.

WATCH: South Africa's unemployment rate dips

"The fact is that there is a long queue going on and the fact of the matter is that it's a big risk, especially when we would like to have certain skills like engineers who would need to work on the projects what we would have invested in South Africa," said French Trade Advisor's chairperson Jean-Claude Lasserre.

"That makes us question if we would make another investment."

Source
eNCA

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