Johannesburg - President Cyril Ramaphosa has warned that the country’s economy will battle to recover if infighting persists within the ANC and country, as investors would abandon the country.
Ramaphosa was speaking on Tuesday in Parktown, Johannesburg, where the president was holding a conversation with ANC Women’s League (ANCWL) on the progress on the socioeconomic empowerment of women since 1994.
“The investing community wants to see us as South Africans being seriously and irrevocably committed to our own development. They do not want to see us fighting among ourselves. When they see us fighting and arguing among ourselves in the governing party or the country broadly, they think that there is political instability and they walk away with their dollars,” Ramaphosa said.
Ramaphosa said the infighting was also encouraging an investment strike by South Africa’s established business.
“We want local investors to open up their wallets to invest in our economy and create jobs,” he said.