SA must support local investment

2008-01-10 00:00

The World Economic Forum’s recently published 2007–2008 Global

With their global logistics and communication networks, these behemoths skilfully exploit free trade, as well as financial and human capital mobility, in their perennial quest for greater shareholder value. Where does this leave the multitude of homegrown companies that often struggle to compete with much larger opposition? Their survival is important not only to the welfare of our domestic economy, but through their improved competitiveness, to South Africa’s ability to compete within, and become better integrated with, the global environment. This columnist has identified seven major investments that local companies need to make in order to improve their competitiveness at both domestic and global level.

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