CEO of Invest Durban, Russell Curtis has seen business confidence soar since the new Government of National Unity (GNU) assumed the reins of power in South Africa in 2024. The new political dawn has introduced an enhanced enabling environment in Durban, helping to usher in the present improved political reality.
Out with the old
The African National Congress (ANC) had ruled South Africa largely unopposed for decades. Frustratingly, for those keen to see the country’s economic potential fulfilled, this unchecked authority saw inefficiencies embedded, divisive policies implemented, and corruption became pervasive and endemic. Cumulatively, this acted to discourage much needed foreign direct investment.