Electricity Minister Ramokgopa moves to allay investor fears at ANC Birthday celebrations

Johnathan Paoli

THE ANC is expected to use its January 8 birthday celebrations on Saturday to woo back investors amid concerns of policy uncertainty, according to Electricity Minister Kgosientsho Ramokgopa who was speaking ahead of the annual World Economic Forum next week, where South Africa will be joining other countries from across the world in order to discuss matters of global importance.

However, some investors and commentators have raised concerns over policy uncertainty and political instability in South Africa, and the negative impact it might have over foreign direct investment.

However, Ramokgopa tried to allay the concerns and uncertainties saying the government and ANC policies were aligned to address the country’s energy and logistics challenge adding that the party would provide the country with a balance sheet, an account of how far the ANC has come in relation to commitments made in the 2023 January 8 statement.