DA's Plan for Growth and Jobs - Democratic Alliance

Top five recipients and sources of FDI inflows in Africa, 2010 and 2011 (Billions ofUS$)10987654201120103210Nigeria South Africa Ghana Congo AlgeriaTable 12: Although foreign direct investment into Africa has fallen each consecutive yearsince 2010, largely as a consequence political instability and falling investment in NorthAfrica, investor sentiment in Sub-Saharan remained strong, with $ 37 billion invested in 2011alone. The number one investment destination on the continent is Nigeria, followed by SouthAfrica and Ghana. Nigeria and Ghana rank 23 rd and 16 th of the UNCTAD FDI AttractionIndex respectively, while the same report noted that South Africa performed ‘belowexpectations’. Source: UNCTADMEDIUM-TERM POLICY PROPOSALSPolicy outcome: Improved economic ties with Africa and the worldRegional government partnershipsDevelop economic partnerships between the Western Cape and other provincial and stategovernments in Southern Africa with a view to facilitating engagement between WesternCape businesses and potential partners in neighbouring countries, disseminating informationregarding investment opportunities and applicable regulations, and encouraging crossbordertrade along the West Coast.Desired outcome: Effective resource allocationNew Ministerial HandbookIntroduce a ‘No Frills’ Ministerial Handbook in each new province that comes under DAcontrol. Based on the Western Cape example, it will dramatically cut back on expenses forMECs in the province (for example, on cars and hotel stays) and impose significantly tighterrules and regulations regarding benefits and business interests as compared to their nationalcounterparts.76 | P a g e