Davos chat can't mask facts

26 January 2016 - 02:12
By Jean Michel

That South Africa is open for business is the mantra that Mr Zuma and Team SA kept on repeating in Davos, but while they were busy saying this the IMF dropped a bombshell by projecting growth of only 0.7% for South Africa for 2016. And then the UN Conference on Trade and Development announced that South Africa's foreign direct investment fell 74% to $1.

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