In addition to the SA Investment Conference, which ends on Thursday, last week he participated in a virtual business and investment roundtable with representatives from three major business organisations from the US – the Business Council for International Understanding, the Corporate Council on Africa and the US Chamber of Commerce.
There are more than 600 American companies in South Africa, many of which have had a presence in our market for decades, according to the research.Fitch also shows how a Joe Biden presidency will engage with African countries and will mean greater US engagement with sub-Saharan Africa. The plan identifies four priority intervention areas: a massive infrastructure build programme, significantly expanding energy generation capacity, an employment stimulus through social and public projects and accelerating industrialisation through local production.
He added that South Africa has developed a robust pipeline of projects with an investment value of R2.3 trillion – about $150 billion – that will transform the landscape of the country’s cities, towns and rural areas.Ramaphosa is also leading the country in the hosting of the third SA Investment Conference which ends this week.
“In 2018 and last year alone, more than R650 billion in investment commitments were made at the conferences. This income gives them purchasing power and enables them to access credit for buying a home or starting a business,” Ramaphosa said.He added that these investments, together with infrastructure development and other employment stimulus measures, are key to boosting the country’s productivity.
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