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South Africa to invest more within Africa


Sterner measures to fight graft and corruption too

By Nsikan Ikpe


Emerging details from the 2018 budget proposals presented to the South African parliament on Wednesday indicate that South Africa is braced to invest more within Africa in 2018 and going forward.

Accordingly, the government of President Cyril Ramaphosa is proposing raising the allocation for intra-African business support to ten percent.

Already South African firms like MTN, Shoprite, Standard Bank and DSTV are doing business in many countries of Africa with solid financial backing from that nation’s Public Investment Corporation, PIC.

Additionally also, sterner measures are also being introduced to fight graft and corruption both in the public and private sector, in a country that has been plagued by scandals of all sorts, including that which led to the fall of the Jacob Zuma led administration a few days ago.

To further deepen the ongoing reform initiative, a cabinet reshuffle is now expected to follow the budget presentation and the State of the Nation Address, SONA.

President of South Africa, Cyril Ramaphosa


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