FEATURE
Source: SAnews
Investing in SA’s future
This brings the amount of investment pledges to R773.6 billion in the past three years, meaning South Africa has now reached 64% of its target of R1.2 trillion over five years. With this year’s conference taking place in an extremely subdued economic climate, President Cyril Ramaphosa said securing investment commitments of over R100 billion is a remarkable achievement. “Several of the investment commitments made at this conference are in sectors that have been hard-hit by the Coronavirus (COVID-19), especially the tourism and hospitality industries. These investments will go a long way towards their recovery,” he said. The investments are spread across various sectors along the length and breadth of the country.
President C yril Ramaphosa addresses the third South Africa Investment Conference.
T
In the opening address he third annual
billion in investment com-
South Africa Invest-
mitments that are set to
ment Conference
benefit sectors across
pledged R109.6 billion at
tors that the Economic
the country and aid in
the recent conference.
Reconstruction and Re-
yielded more than R100
22
The roadmap economy recovery. Fifty companies
of the conference, the President told inves-
Public Sector Manager • December 2020/January 2021
