Speaker and Deputy President, South Africa suffered a 70% decline in foreign direct investment during 2010, compared to 2009. During the same period in 2010, Angola increased their foreign direct investment significantly and attracted 20% of Africa's total foreign direct investment. This is according to research done by the University of Johannesburg.
In the same period, other middle-income states, like Chile and Indonesia, were ranked in 19th and 20th place respectively, while South Africa lagged behind at 128th in the world.
Does the Deputy President agree that this is a serious problem and that so- called economic freedom marches by the ANC Youth League add to concerns about South Africa as a safe investment destination, which ultimately leads to growing unemployment? Does he also agree that the best pro-poor policy is to create sustainable jobs for the 25% unemployed people in our country? Thank you.