Face The Nation | Godongwana on SA’s current investment environment

Minister of Finance Enoch Godongwana on SA’s current investment environment
Welcome to Face The Nation. My name is Clement Manyathela.
Tonight, Is South Africa still an investment destination? How many of our man-made challenges are chasing investors away? There are 2 significant developments in the investment space in this country. Shell's decision to divest its majority shareholding from the local South African downstream unit- after more than 120 years of operation in the country and BHP's offer to acquire one of the country's oldest mining companies, Anglo American-without its South African assets. Anglo has rejected BHP's second offer.
While Shell has indicated it's not necessarily leaving because of the business environment in South Africa. But even though South Africa has more inward investment than disinvestment-there are challenges like the electricity crisis and logistics crisis -that make the operation environment difficult.
So how do we preserve this country as an investor destination?
The finance minister Enoch Godongwana faces the nation tonight.
We will also ask him about the NHI bill that President Cyril Ramaphosa will be signing into law on Wednesday.
As the man responsible for our fiscus, does he have clarity about how this policy will be funded?
And then later happened between Shell and its longtime BEE partner Thebe Investments? Thebe Investment Corporation has confirmed that it's in a dispute with Shell over the value of its 28% stake IN THE COMPANY. The matter has now been referred to arbitration.
This comes in the wake of the oil giant's announcement that it is divesting from Shell Downstream South Africa which includes a network of 600 petrol stations nationwide.
Thebe Investment/s Director Dr Molefe Tsile joins me tonight
For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.

[@stephenbright9316]

I only have one question.... Will Ramaphosa and his ministers also be using this wonderful new state of the art health services as well? 🤔

[@lm_b5080]

we should introduce a law that politicians are only allowed to rely on public health, public transport, and public education for their children

[@obySedgefieldgemofourgardenrou]

Never theyll fly away for their special treatments ,fokkers.

[@MBReader410]

Please inform your viewers. What are the main features of the bill and arguments for and against?

[@Lee_BuU]

This minister accepted a loan from the IMF and he gave no concrete reasons why 😮

[@mbongenimapipa3450]

Nxxx 😮, how can the value be zero, how ?

[@n02hbby16]

ANC THIEVES

[@tb10183]

They must take all these people to Cuba so they can see the results of such ridiculous Bills . !!🤣🤣

[@Lee_BuU]

So the DA would rather see people perish because of their financial grounds ....that's deceiving

[@lm_b5080]

have you visited state hospitals in the eastern cape? the government is stealing money on such a level that people die in the hospitals and they don't care. what makes you think the money from NHI will benefit the people and not just the politicians?

[@temboisaacpep2648]

Useless fanance minister you would have called flody shibambu to articulate in this topic

[@n02hbby16]

Electioneering 😂😂 🤦🤦

[@veronicakarstel9126]

Another ANC liar.

[@katenkosi1389]

What see from DA is that what's happening around our continent western world and European union they don't want people getting benefits specific in government and it's not surprising how the DA feels about it and look at Eskom when was under a white colonized management we were suffering

[@lm_b5080]

lies. Cape Town has allocated over 70% of its budget to poor communities, while unemployment for black people is the lowest in the western cape.
i know you want to protect your corrupt leaders, but don't tell lies.