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Ramaphosa gets boost to R1.2 trillion investment drive

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The African Development Bank has committed to investing $2.8 billion (R42.5 billion) in South Africa over the next five years, says president Akinwumi Adesina.

Addressing the South African Investment Conference in Johannesburg on Thursday , Adesina said the funding will be used to support both public and private sector investments in the priority areas of agriculture, renewable energy, youth employment, and health.

“We will now move to support the drive towards renewable energy strongly in South Africa as you drive towards net-zero emissions,” Adesina said. Despite the impact of the pandemic, by the time of the third South Africa Investment Conference in 2020, the country had raised a total of R774 billion in investment commitments, the president said on Thursday.

“Of the 152 investment pledges, 45 projects have been completed. A further 57 are under construction. Fifteen have been put on hold, in several cases due to the impact of the pandemic.”

 

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Ramaphosa Eskom_SA EskomSpokesper1 does the investors know that Ramaphosa and eskom have sacrificed the poor in townships with load reduction “black man’s blackouts” just for it to seem as though eskom has electricity generation under control?

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Ramaphosa set to open SA Investment conference: Goal of R1.2 trillion almost achievedRamaphosa committed to raising over R1.2 trillion worth of investments in five years to boost economic growth and stimulate employment. Rubbish!!!! He had many of them which yield 0 results. So why don't we see it then...?
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