SA Investment Conference: Ramaphosa positions SA as prime destination for grown, opportunity

President Cyril Ramaphosa has set the tone for South Africa’s investment conference, positioning the country as a prime destination for growth and opportunity.

Ramaphosa officially opened the sixth edition of the conference in Sandton on Tuesday morning, telling delegates they expect R900 billion in investment from a range of investors.

The government is targeting a total of R2 trillion in investment by 2028.

The conference returns after a two-year hiatus, with anticipated pledges seen as vital to driving economic recovery and long-term growth.

Ramaphosa said despite challenges such as the COVID-19 pandemic, a severe energy crisis, and years of State capture, South Africa has maintained core financial strength and institutional stability.

“This year’s South Africa Investment Conference takes place against a backdrop of growth and recovery. Investment conferences such as this are an opportunity for us to showcase the attractiveness of investment opportunities in our country to domestic and international investors.”

Article by Nkosikhona Malinga-Mnisi.