Tycoon Patrice Motsepe Says South Africa Must Curb Crime to Lure Investors

South African billionaire Patrice Motsepe said the country must shake off its reputation for high crime levels if it wants to attract more investment.

“Part of our challenge is crime,” Motsepe said at the inaugural Bloomberg Africa Business Summit in Johannesburg on Tuesday. Despite that, South Africa “has got enormous potential,” boasting “some of the best businesses, some of the best CEOs,” the 63-year-old tycoon said.