President Cyril Ramaphosa has come out strongly in defence of new business regulations targeting global companies operating in South Africa, calling them essential for economic fairness and national progress.
Speaking during a National Council of Provinces (NCOP) session today, Ramaphosa addressed mounting concerns from lawmakers, assuring them that the regulations are not a deterrent to investment but rather a strategic move to balance foreign interests with local development goals.
“These measures are designed to level the playing field,” Ramaphosa stated. “We must ensure that our people benefit from the wealth generated in our country, while still providing a stable and attractive environment for international investors.”
The President’s remarks come at a time when the newly formed Government of National Unity (GNU) is navigating a delicate economic landscape, seeking to revive growth while ensuring inclusivity and accountability.
While the specifics of the regulations are yet to be unveiled, government insiders suggest the new framework will likely include local content requirements, skills development contributions, and enhanced reporting obligations for multinational firms operating in key sectors.
Critics have raised concerns about potential investor uncertainty, but Ramaphosa insisted that “responsible governance and growth can — and must — coexist.”
The policy update is expected to be elaborated in upcoming government briefings and may play a central role in shaping South Africa’s post-election economic direction.
Observers say this marks a defining moment for the country’s investment narrative — one where sovereignty, equity, and opportunity are being boldly asserted.
