President Cyril Ramaphosa’s announcement that four special ambassadors — including former finance minister Trevor Manuel — are to roam the globe in an aggressive pursuit of foreign investment “like a pack of lions” appears premature. It would have helped these ambassadors if they could have had a better story to tell than one of a business environment with stagnating profitability and growing losses where:

Only 25% of firms have earned sufficient income to be liable for company tax;

Firms with a taxable income below R10m decline at a rate of 31 per week;

A mere 635 companies are responsible for 77% of company tax; and

* We do not necessarily endorse the political views of this article, but we are pleased to see our work gaining traction.

by Business Day- https://www.businesslive.co.za/bd/opinion/2018-05-08-investment-seeking-lions-may-cause-suspicion-not-to-mention-the-hyenas/

Johannes Wessels