FDI wolves in sheep�s clothing

For decades, FDI was held up as the ‘unobtanium’ of our fledgling local economy, a thing so precious and rare that with findings, would miraculously repair all the structural defects, particularly the urgent need to diversify.

The thinking at policy level, which is true to an extent, has been that economic diversification, broad-based growth and the alleviation of extreme poverty will stem from creating an investment climate irresistible to foreign investors.