Foreign direct investment (FDI) into South Africa remained stable at just over $5 billion (around R72 billion) in 2019, according to a United Nations Conference on Trade and Development (Unctad) report released this week.
Less than a month into 2020, SA companies have already announced thousands of job cuts. In a country where a third of the labour force is already unemployed, this will put even more strain on demand and economic growth.
There are hundreds if not thousands of public servants who are facing disciplinary action - mostly for procurement procedures which were not followed - although in many instances they did not benefit from it directly, writes Melanie Verwoerd.
In a country where unemployment is at a record high, there will never be a good time to cut jobs, but when the company doing the cutbacks is Telkom, whose biggest shareholder is the government, it becomes even more painful and makes for bad politics.