Investment conferences have been productive: Ramaphosa

JOHANNESBURG - The four annual investment conferences hosted in the country have been highly productive, according to President Cyril Ramaphosa.

He says the conferences have attracted over R1-trillion in investment.

"We expect that the investment announcements made here will take this total beyond the target that we set five years ago," Ramaphosa said.

READ: Economic Growth | SAIC raises R1.1 trillion in investments

"While investment decisions often take several years to reach fruition, the investment commitments made to date have already resulted in substantial investment in the productive economy.

"Almost 70 percent of the total number of projects announced since 2018 are either completed or on their way to completion," he said.

"To date, approximately R460-billion of capital has been invested in building new factories, purchasing equipment, constructing roads, sinking mine shafts and rolling out broadband infrastructure.”