Mining, booze and food companies step up to invest

Heinken’s R15bn investment will be spent on, among other things, expanding its plants.Mining companies such as Anglo American pledged R29bn, Ivanhoe will invest R6bn, PMG Mining R1.25bn and and AfroZonke Group will invest R1.5bn.

Ramaphosa said the country was on “a long journey to rebuild our country and recover the ground we have lost. Our recovery is a mission that will take time to accomplish. We are on the recovery path, we refuse to be daunted by the challenges we face, we are confident that we will recover. “We remain convinced that South Africa is an investment destination with significant untapped potential. We do believe that by leveraging our unique value proposition, we have the ability to attract higher levels of investment.”

Ramaphosa said it has been a core conviction of this administration that to create jobs “we must drive growth, and to achieve growth we must implement fundamental economic reforms”.

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