President Cyril Ramaphosa will on Wednesday officiate a ceremony at which the automotive group Nissan would announce an expansion of its investment in South Africa.
The presidency in a statement said this demonstration of confidence in South Africa as an investment destination was among the investment pledges presented at the South Africa Investment Conference held in Johannesburg October 2018 under the theme “Accelerating Economic Growth by Building Partnerships”.
Led by Ramaphosa, the conference generated a total of R290 billion in new investments, with the automotive sector accounting for R40 billion over the next five years. These projects were reinforcing South Africa’s ambition to attract R1,4 trillion in domestic and international investment over a period of five years.
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