President Cyril Ramaphosa has said his administration will introduce incentives in a bid to woo $100bn in new investment and will tackle the thorny issue of land ownership without endangering economic growth. Since succeeding Jacob Zuma as president two months ago, Ramaphosa has been on a drive to convince investors of his commitment to reverse years of economic stagnation, policy uncertainty and the plunder of state funds. While he’s fired some of Zuma’s ministers and replaced the boards of several troubled state-owned enterprises (SOEs), his bid to sell SA as an investment destination has been hindered by the ruling party’s decision to back land seizures. "We will have well-crafted incentives that will attract people," Ramaphosa said in an interview with Bloomberg TV in London on Wednesday, where he’s attending a Commonwealth Summit and met with Prime Minister Theresa May and Queen Elizabeth II. "Some of them may well be tax incentives or general industrial incentives." Ramaphosa ...
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