Ramaphosa announces new R2 trillion investment target

  • 📰 mailandguardian
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 92%

Business News News

Business Business Latest News,Business Business Headlines

President Cyril Ramaphosa has announced a new R2 trillion target as his investment drive enters its next five-year cycle.

During the opening of the fifth

Ramaphosa indicated that structural reforms, affecting the energy and logistics sectors, are front of mind as his administration labours to boost investor confidence. He also announced an overhaul of South Africa’s work visa regime in a move that is expected to aid the country’s efforts to attract foreign investment.

Economic growth is under increased pressure as a result of infrastructure constraints, particularly severe electricity shortages, according to S&P. Moreover, reforms to address infrastructure woes and to improve governance and performance at state-owned enterprises have been slow, also weighing on growth.

“One of these reforms, regarding the removal of the licensing threshold for embedded generation, has facilitated considerable private sector investment in the electricity sector that runs into billions,” he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

🤑🤭😊🤣😂😷😴!

Now we don't believe in what ever he says

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

LIVE: President Cyril Ramaphosa hosts Investment Conference - SABC NewsPresident Cyril Ramaphosa hosts last Investment Conference aimed at wooing investors to the country. Stage 6 😡😡😡😡😡😡😡😡😡 Invest to run factories with woodfire?This man is mad Matrass sofa investments 🙄🙄🙄
Source: SABCNews - 🏆 37. / 51 Read more »

There could be some surprising announcements coming out of the president’s investment conference'... where there is a problem, there is also an opportunity.' Jacko Maree, investment envoy to President CyrilRamaphosa. SAIC2023 InvestSA Moneyweb
Source: Moneyweb - 🏆 5. / 77 Read more »