Event Invitation: Investment Bill will undermine job creation

The DTI’s soon to be finalised “Investment Bill” should be comprehensively rewritten and modelled on SA’s bilateral investment treaty with China.
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Event Invitation: Investment Bill will undermine job creation

The DTI’s soon to be finalised “Investment Bill” should be comprehensively rewritten and modelled on SA’s bilateral investment treaty with China.

The DTI’s soon to be finalised “Investment Bill” should be comprehensively rewritten and
modelled on SA’s bilateral investment treaty with China

Speaker
Dr Anthea Jeffery, Head of Policy Research, IRR (Institute of Race Relations)

Tuesday, 27 October 2015

11h30 for 12h00 Registration & finger lunch
12h00 to 14h00 Presentation & discussion

RSVP
by clicking here
(If you cannot join us, no need to RSVP.)
Guests welcome: Each person attending must please register individually

Entrance: Free

Venue: Free Market Foundation, BLOCK 5 Bryanston Gate, 170 Curzon Road, Bryanston (opposite Sandton Medi-Clinic)

The Government is busy terminating Bilateral Investment Treaties (BITs) with the European countries that are by far the biggest sources of foreign investment into SA. The DTI now plans to replace these agreements with the misleadingly named Promotion and Protection of Investment Bill, currently before Parliament.

The DTI says that the Investment Bill “codifies” all the protections usually found in BITs.  But this claim is false – and likely to undermine investor trust even further.

The Investment Bill:
-    Has been criticised by foreign business associations, which warn that it will deter foreign direct investment (FDI) into SA
-    Will erect more barriers to foreign investment at a time when net FDI has already turned negative and SA has recently dropped right out of the AT Kearney Index of the world’s top 25 investment destinations
-    Will undermine the country’s capacity to expand essential infrastructure, generate jobs, and finance its twin deficits
-    Will make it easier for the Government to introduce  policy shifts harmful to both local and foreign investors
-    Could, in combination with the Expropriation Bill, be seen as a green light for the president to sign PSIRA* and the MPRDA* amendments into law.

Dr Jeffery will unpack the dangers in the current Investment Bill. She will also propose an alternative measure modelled on South Africa’s bilateral investment treaty with China, which includes all the key protections that foreign investors require.

* Private Security Industry Regulation Amendment Bill of 2012
*  Mineral and Petroleum Resources Development Act of 2002


Media Enquiries

For more information and to arrange for photographs and interviews, please contact:

Jayne Boccaleone
011 884 0270
082 904 3616
jboccaleone@gmail.com

Other Enquiries

Gail Day
011 884 0270
gailday@fmfsa.org

IRR TV

The DTI’s soon to be finalised “Investment Bill” should be comprehensively rewritten and
modelled on SA’s bilateral investment treaty with China

Speaker
Dr Anthea Jeffery, Head of Policy Research, IRR (Institute of Race Relations)

Tuesday, 27 October 2015

11h30 for 12h00 Registration & finger lunch
12h00 to 14h00 Presentation & discussion

RSVP
by clicking here
(If you cannot join us, no need to RSVP.)
Guests welcome: Each person attending must please register individually

Entrance: Free

Venue: Free Market Foundation, BLOCK 5 Bryanston Gate, 170 Curzon Road, Bryanston (opposite Sandton Medi-Clinic)

The Government is busy terminating Bilateral Investment Treaties (BITs) with the European countries that are by far the biggest sources of foreign investment into SA. The DTI now plans to replace these agreements with the misleadingly named Promotion and Protection of Investment Bill, currently before Parliament.

The DTI says that the Investment Bill “codifies” all the protections usually found in BITs.  But this claim is false – and likely to undermine investor trust even further.

The Investment Bill:
-    Has been criticised by foreign business associations, which warn that it will deter foreign direct investment (FDI) into SA
-    Will erect more barriers to foreign investment at a time when net FDI has already turned negative and SA has recently dropped right out of the AT Kearney Index of the world’s top 25 investment destinations
-    Will undermine the country’s capacity to expand essential infrastructure, generate jobs, and finance its twin deficits
-    Will make it easier for the Government to introduce  policy shifts harmful to both local and foreign investors
-    Could, in combination with the Expropriation Bill, be seen as a green light for the president to sign PSIRA* and the MPRDA* amendments into law.

Dr Jeffery will unpack the dangers in the current Investment Bill. She will also propose an alternative measure modelled on South Africa’s bilateral investment treaty with China, which includes all the key protections that foreign investors require.

* Private Security Industry Regulation Amendment Bill of 2012
*  Mineral and Petroleum Resources Development Act of 2002


Media Enquiries

For more information and to arrange for photographs and interviews, please contact:

Jayne Boccaleone
011 884 0270
082 904 3616
jboccaleone@gmail.com

Other Enquiries

Gail Day
011 884 0270
gailday@fmfsa.org

Free Society Project