South Africa defends investment law overhaul, Brussels concerned


  • World
  • Monday, 04 Nov 2013

JOHANNESBURG (Reuters) - A new South African investment law should come into force next year to replace a raft of individual, 20-year-old treaties but foreign investors will be adequately protected and have nothing to fear, trade minister Rob Davies said on Monday.

Pretoria let bilateral treaties agreed with European nations shortly before the end of apartheid lapse last month, to the concern of investors and diplomats who say the replacement law does not offer the same protections.

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