Less than one-fifth of the R364.4bn pledged at second SA Investment Conference has reached SA

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Belgique Nouvelles Nouvelles

“This figure is based on quarterly updates received directly from the companies and reflect the status quo as at January 31 2021,” he said.

President Cyril Ramaphosa revealed that of the R364.4bn in investment commitments announced at the 2019 SA Investment Conference, only 18.9% had flowed into the economyPresident Cyril Ramaphosa told parliament that companies in tourism and hospitality, renewable energy, oil and gas, the oceans economy, automotive and infrastructure were among those that had so far contributed. File photo.

“What is the nature of such investments in each case and how have the investments contributed to the economy to date?” he asked.

 

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