Ramaphosa announces investment of R290 billion
The Investment Conference in Sandton has seen a combined investment of nearly R290 billion for the country.
“This R290 billion is what we have now in our hands and these are in addition to the R400 billion which were received during the investment drive by the special envoys and from various countries during state visits which we still need to button down,” said President Cyril Ramaphosa in his closing address on Friday.
Investment announcements were made from companies in mining, forestry, manufacturing, telecommunications, transport, energy, agro-processing, consumer goods, pharmaceuticals, infrastructure, financial services, energy, ICT and water.
President Ramaphosa told the conference that government would track the impact of the investments and their ability to maximise on job creation.
“Through these various conferences, the gulf and the distance that has been there between business and government, and business and labour is reducing. It is through these engagements that we have been able to talk frankly and discuss solutions openly."
He also told delegates that government is in talks to make the conference an annual event.
Day three of the conference will see President Ramaphosa take to Vilakazi Street in Soweto to showcase some of the opportunities presented by the local township economy.