Cape Town — Participants and organisers are gearing up to host the fifth South Africa Investment Conference (SAIC) on 13 April 2023 in Johannesburg.
The conference is the final leg of the current investment drive to attract R1.2 trillion over five years.
The fourth SAIC raised R367 billion in investment commitments.
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Since the first investment conference in 2018, South Africa attracted R1.14 trillion in commitments. This represents 95% of the initial target and has translated into investments across a wide range of economic sectors.
Of the 152 investment announcements made previously, 45 projects have already been completed, while a further 57 projects are currently under construction.
These investments have resulted in new factories, call centres, solar power plants, undersea fibre optic cables, the expansion of production lines, and adoption of new technologies.
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Compiled by Junaid Benjamin
