Notable industry shifts seen at Investec CEO Conference.

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There's been a positive shift in sentiment among delegates at Investec's annual CEO Conference, but this comes with a recognition that SA needs to convert the uptick in sentiment into tangible wins.

The mood at Investec's recent CEO Conference and UK roadshow was a blend of a real sense of optimism after the formation of the Government of National Unity (GNU) earlier this year as well as a recognition of the challenges that lie ahead and the need for meaningful action.

The annual conference brings together a cross-section of South Africa's corporate leaders and institutional investors, largely from the UK, US and Europe. The event allowed for valuable interactions about South Africa's current economic landscape, the business environment and the potential for growth.

According to Jarrett Geldenhuys, Head of Investec's Equity Capital Markets team, there was a significant increase in demand from foreign investors to meet with SA corporates, compared with the previous year - growing 33%, with over 800 meetings.

While international investors remain largely on the sidelines, the overall sentiment has improved. However, investors want to see this translate into something tangible, in the form of...