Ramaphosa announces new R2 trillion investment target

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.

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Now we don't believe in what ever he says

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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
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