Ramaphosa says SA on track to meet its investment target

Lisa Klein, B4SA and SA SME Fund Steerco board member, talks on SA businesses surviving the economic crisis, exacerbated by the COVID-19 pandemic. #eNCA Courtesy #DStv403

JOHANNESBURG - President Cyril Ramaphosa says South Africa is on track to meet its target of more R1.1-trillion in investments in five years.

A further R109-billon has been pledged, bringing the total now to R773-billion in new investment.

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Ramaphosa delivered his closing remarks at the third SA Investment Conference on Wednesday.

He made some important announcements about how South Africa aims to attract foreign investment.

President Cyril Ramaphosa will use the third SA Investment Conference to ensure previous commitments are made a reality. This year's Investment Conference takes place amidst a pandemic that has further crippled South Africa's ailing economy.

Source
eNCA