Corruption is making investment in South Africa untenable.
BusinessTech, February 3, 2019
The governments of Germany, the United Kingdom, the USA, the Netherlands and Switzerland have written to the presidency through their missions in Pretoria, warning that South Africa needs to make clear moves against corruption.
Speaking to the Sunday Times, an official in the presidency said that the move was ‘unprecedented’ as foreign countries typically only step in when governments violate their laws or commit human rights violations.
The memorandum – signed by all five countries – states that there should be a ‘clear, unqualified and manifest political commitment to the rule of law, the independence of the judiciary and to honest and ethical business practices’.
The five countries also said that they were concerned about the challenges of foreign investment, referring to the ‘constant changes of the goalposts’ in the regulatory framework for mining, BEE targets and intellectual property rights. The countries also called for a change in South Africa’s current visa practices.......To Read More....
No comments:
Post a Comment