R363 billion pledged at investment conference

R363 billion pledged at investment conference

President Cyril Ramaphosa has spoken of his appreciation and gratitude after more than R363 billion was pledged at the country’s second investment conference.

Ramaphosa at investment conference
GCIS

This is 17% higher than the monies pledged by investors at the country’s first conference in 2018.


 


The country’s second investment conference will run until Thursday at the Sandton Convention Centre in Johannesburg.


 


Ramaphosa says a further R8 billion has been pledged, but hasn’t been included in the total because its subjected to regulatory or company board approvals.


 

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“It has been estimated that these investments will conservatively lead to the creation of around 412,000 direct jobs over the next five years,” said Ramaphosa.


 


Ramaphosa believes that the pledges reflect that a better future is on the horizon.


 


“After a prolonged period of stagnation, uncertainty and upheaval, we are firmly on the road to recovery.”

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