Business lobby organisation Business Leadership South Africa (BLSA) CEO Busi Mavuso says much of the investment commitments made during the South Africa Investment Conference are effectively replacement investments, such as companies building their own electricity plants because they can no longer rely on State-owned Eskom to produce it. “Such investments do not expand the capacity of the economy, but merely protect the existing capacity. Investment is not a good in and of itself. It is good for what it creates, including economic activity and to enable citizens to live better lives,” she states in her weekly newsletter.
