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Ramaphosa invites global business leaders to join SA’s road to recovery

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The country began its drive to raise R1.2-trillion in new investment over five years almost four years ago, the president told the fourth SA Investment Conference

President Cyril Ramaphosa on Thursday turned on the charm as he called on global business leaders to join SA on its journey of economic reconstruction and recovery.

He said the government was aware of the complex challenges faced by the country, however, “we are neither defined by these challenges, nor are we daunted by them”. “We are working with the private sector to fast-track investment to unlock a potential 4,000MW of embedded generation. We have increased the licensing threshold for embedded generation projects from 1MW to 100MW.”

While the establishment of the Transnet National Ports Authority as a separate entity may not be transformational, the move was long overdue, he said.

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 /  🏆 12. in ZA
 

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LOL, they saying this for 10 yrs but the world is aware of southafrica corruption, racist employment laws, hopeless transport and many other negatives.

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