Investors may be put off by South Africa’s friendly relations with Russia - Foreign policy analyst and journalist Peter Fabricius

Loading player...
South Africa’s decision to welcome Russian and Chinese warships into its territorial waters for a naval exercise in February has been criticised both in South Africa and in Western countries. The Democratic Alliance’s international relations spokesperson, Darren Bergman said in a statement that, “It is becoming increasingly clear that the South African government was openly siding with Russia.” BBC’s foreign affairs veteran John Simpson also tweeted, “South Africa which says it remains neutral over Russia's invasion of Ukraine has announced it will welcome 2 Russian warships to Durban next month for a series of war games together with ships of the Chinese navy.' Foreign Affairs analyst and journalist, Peter Fabricius told Biznews the timing of the exercise is insensitive, to put it mildly, there is signs of wear-and-tear in South Africa’s diplomatic relations and investors may say, why would they invest in a country that’s so friendly with Russia. Learn more about your ad choices. Visit megaphone.fm/adchoices
20 Jan 2023 8AM English South Africa Investing · Business News

Other recent episodes

A world-first: the bond that pays out when nature wins

In this BizNews interview, Irakli Rekhviashvili sits down with the three people behind FirstRand's R2.5 billion Cape Water Performance-Based Bond, the first time a commercial bank anywhere in the world has tied a bond's payout to nature. The Nature Conservancy's Louise Stafford traces it to 2018, when Cape Town's dams…
12 Jul 8AM 15 min

SA rugby's ticket strategy prices Bok fans out of stadiums

Springbok ticket prices have soared, suites have been taken over under “clean stadium” rules, and loyal supporters are being squeezed out. BizNews Rugby's boots-on-the-ground reporter, Rory Steyn, speaks to representatives from legendary Joburg rugby clubs and bitter rivals Pirates and Wanderers, as well as chartered accountant and former Sun International…
11 Jul 10AM 30 min