South Africa: President Sets R2 Trillion Investment Target

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South African President Sets Investment Target in Trillions of Rand: SouthAfrica SAIC2023

Attended by delegates from varying industries in South Africa and across the world at the Sandton Convention Centre in Johannesburg, the afternoon session of the conference saw investments announced in the digital economy, manufacturing sector and the Special Economic Zones ."Today's pledges cover 21 district municipalities across the country.

Cassava Technologies is investing R4.5 billion towards adding 20 Megawatts to their data centre in Gauteng and the Western Cape.Moov, a fintech start up, is investing R284 million in connecting mobility entrepreneurs to the right hailing e-logistics and e-delivery market place. A company from Denmark invested R133 million in the manufacturing environmentally sustainable building insulation from recycled waste in Gauteng.

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