Mobile operator Vodacom has pledged to invest R60 billion in South Africa over the next five years, having delivered on its promise to invest R50 billion over five years in 2018.
Last year, the fourth SAIC raised R367 billion in investment commitments, bringing the country’s five-year investment target firmly into sight.Since the first investment conference in 2018, South Africa has attracted R1.14 trillion in commitments. “Five years ago, we heeded the call from president Cyril Ramaphosa to play a central role in his investment drive aimed at attracting R1.2 trillion over a five year period. Looking back over the past five years, we believe that our initial R50 billion pledge has played a significant role in fostering digital inclusion for all and helping to unlock economic and social opportunities for South Africa.
“As it stands, Vodacom has helped improve coverage to 95.8% of the rural population as well as extending their 4G and 3G population coverage to 97.94% and 99.88% respectively,” says the telco.
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Cyril Ramaphosa urges investors to back investment drive despite power crisisSA is targeting R60bn in additional pledges by local and international investors Cyril Ramaphosa also urges friendship with Russian mass murderers 15 year power crisis , very confident it'll be sorted while i sit with 11.5hrs of no power today .
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