Companies must invest more in South Africa says Busa
For South Africa to reach a growth rate of 6% a year, total fixed investment levels would need to rise to about 25% according to Business Unity South Africa's (Busa) deputy chief executive, Raymond Parsons.
He told Business Live that corporate South Africa would have to boost their investment from current levels of 18% of gross domestic product to at least 25%.
Parsons says that in the current economic environment, infrastructural investments are crucial for the country, calling it the "missing link" in South Africa's current economic performance.
Read the full article on www.businesslive.co.za.
