Ramaphosa aims to salvage investment promises as Covid-19 affects commitments | Citypress

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This week sees the third South Africa Investment Conference being held in an attempt to showcase the country’s strengths and how these can be leveraged to attract new investment.

But these investments only amount to about one-tenth of the total investment commitment of R664 billion. The focus now is implementation.

“This year’s conference is about implementation, and on turning commitments into brick and mortar projects in our cities and towns,” Ramaphosa said. Ramaphosa said that the establishment of the infrastructure fund would have boosted investor confidence, as with the continuing implementation of the structural reforms and the finalisation of industry master plans in sectors such as clothing and textiles, sugar and the automotive industry.

• South Africa is already a preferred energy investment destination. Many of the projects implemented through the Renewable Energy Independent Power Producer Procurement Programme have been successful and set an example for many countries around the world, Ramaphosa said.

 

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It is not Covid. Lay all the mess at the feet of the ANC. Anyone who invests in a country who is pursuing the removal of property rights, is suspect

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