Minister of International Relations and Cooperation, Ronald Lamola, has stated that unlocking greater private investment for sustainable development requires governments and development institutions to prioritise improved governance and regulatory certainty.
He emphasised the need to simplify investment-related regulations, reduce bureaucratic red tape, and maintain long-term policy consistency to build investor confidence.
Lamola highlighted that strengthening legal and institutional frameworks is crucial to protecting property rights, enforcing contracts, and providing transparent and predictable mechanisms for dispute resolution.
“National sustainable finance strategies should be developed and implemented to align financial growth with Environmental, Social and Governance (ESG) criteria and the Sustainable Development Goals,” he said.
“These strategies can be reinforced by promoting robust, sustainable finance and disclosure standards that clearly define what constitutes a sustainable investment.”
Lamola’s remarks come amid growing calls for developing nations to create more enabling environments for responsible and impactful investment that supports long-term development goals.
VOC News
Photo: @DIRCO_ZA/X
