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Ramaphosa confident about reaching R1.2-trillion investment target

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News | R54.8 billion. That’s the amount in investment pledges announced at the first session of the second annual South African Investment Conference, by Les2020ic

The conference, being held at the Sandton Convention Centre this week, forms an important part of the state’s attempts to kickstart the flailing economy, and provides a platform to showcase new investment opportunities.- A German pharmaceutical company, B-Braun – which is set to establish a new factory in South Africa early next year, at a cost of R300 million;

Other pledges came to R750 million and the Brics bank – the New Development Bank – also pledged to loan R23 billion to projects in specified sectors until next year. Ramaphosa, delivering the opening address on Wednesday morning, said the target announced during last year’s conference would be reached, and more investors were expected to raise their hands to pledge more investments this year to take advantage of the vast opportunities available across the country.

 

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