Langeni told Business Report in an interview last week that the international business community pledged to support South Africa and Ramaphosa’s reform drive. She said there was a growing goodwill from investors towards South Africa.
“Essentially what they are saying to South Africa is underwrite your own future,” said Langeni. Feedback from domestic investors was, however, a mixed bag.
“Some people are very optimistic. They believe that some of the changes we have seen, for example dealing with corruption and addressing policy issues, are positive. There are a handful of local people who do not seem to be as optimistic. I think as people see decisive action by leaders in the government they will see there is a positive story,” she said.
The two-day summit, which starts on Thursday, comes against a backdrop of a 27percent unemployment rate and a constrained economy that has slipped into a technical recession after two successive quarters of negative growth. It follows the two-day jobs summit held in Johannesburg earlier this month.