A range of companies, including cellphone giant MTN, paper producer Sappi, and state-owned logistics firm Transnet have promised billions in new investments in SA.
The conference is the second held by President Cyril Ramaphosa’s administration, aimed at securing R1.2-trillion in new investment in SA over the next five years. Further announcements are expected later in the day. An automotive industry transformation fund was launched, with R6bn pledged to support black participation in the automotive industry supply chain.
Since the last investment gathering, the country’s growth has continued to stagnate and power supply issues have further threatened growth. The state’s fiscal position has also continued to deteriorate as financial support to battling state-owned entities has strained the government’s finances.
Excellent news! Let's make SA the number 1 economy in Africa again.
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Ramaphosa bolsters investment team ahead of conference - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Ahead of the South Africa Investment Conference to be held in Sandton from 5-7 November 2019, President Cyril Ramaphosa has taken steps to strengthen South Africa’s investment promotion drive. Thank you Mr. President. You hv some ideas of what is required but seem to fail on ur selections. You recycle old & failed ANC cadres who got us in this mess. An advice from a private sector professional locally & abroad. Pls separate politics & business. Listen to SiyaKholisi.
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