FEATURE
Writers: Allison Cooper and SAnews
Investing in SA
P
resident Cyril
conferences, the drive had
Ramaphosa’s ambi-
reached R1.14 trillion.
tious R1.2 trillion
“With just one year left to
nation open for business. The President saluted the fact that the commitments came from companies from all corners of the globe. With a large amount of investment commitments in the mining sector, President
He added that the willing-
Ramaphosa said this was
ness to invest in South Af-
testament that the sector
rica, showed that investors
was not a sunset industry
investment drive is 95%
go, we have now reached
believe South Africa is on
as many had suggested.
complete, just a year short of
95% of the ambitious target
the right track, despite all
“Mining in South Africa
its five-year target.
we set four years ago. What
the challenges.
With 80 investment
this means is that we are
pledges – totalling R332 bil-
now only R60 billion short
lion – unveiled at the fourth
of our target.
SA Investment Conference
“I expect that by next year
is on the resurgence and it is a sunrise industry. It is
Open for business
pleasing that there are several investments in metal
He said the value of such
fabrication as we saw in other manufacturing.
(SAIC) recently, President
we will not just reach our
conferences is that it makes
Ramaphosa said with
target – we will exceed it,”
people realise that South
investments from previous
said the President.
Africa is an investable desti-
The investments to add value jobs that would oth-
President Cyril Ramaphosa addresses the fourth SA Investment Conference.
26
Public Sector Manager • April 2022
