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MTN, Sappi and Transnet promise billions in investment

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Between the three companies, R86bn was pledged at the second investment conference headed by President Cyril Ramaphosa

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.

 

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MTN, Sappi and Transnet promise billions in investmentBetween the three companies, R86bn was pledged at the second investment conference headed by President Cyril Ramaphosa These pledges where made by SOE as well nah? What else were SOE going to do return money to government? I don't get the Transnet pledge significance.
Källa: BDliveSA - 🏆 12. / 63 Läs mer »

MTN, Sappi and Transnet promise billions in investmentBetween the three companies, R86bn was pledged at the second investment conference headed by President Cyril Ramaphosa These pledges where made by SOE as well nah? What else were SOE going to do return money to government? I don't get the Transnet pledge significance.
Källa: BDliveSA - 🏆 12. / 63 Läs mer »

R363 billion made in investment commitments for SA - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.President Cyril Ramaphosa has announced that R363 billion in investment commitments have been made at the SA Investment conference. He says the investments are expected to create over 400 000 jobs in the next five years. Rolling capital plans of companies are now called 'investment commitments' and 'pledged' at glitzy 'conferences'.... Get Ready for more eskom power cuts they need some of that 🎂 think we better of if the government just say they broke all the time so we can get something else done
Källa: SABC News Online - 🏆 32. / 51 Läs mer »