Cape Town — President Cyril Ramaphosa will address the South Africa Investment Conference (SAIC) on Thursday and will be hoping to add to the R1.14 trillion in investment commitments garnered from the last four conferences.
The SAIC will be attended by delegates from varying industries in South Africa and across the world at the Sandton Convention Centre in Johannesburg.
In its 5th year since its inception, Ramaphosa convened the South Africa Investment Conference with the objective of achieving R1.2 trillion in investments targets.
“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, expansion of production lines and the adoption of new technologies,” said the Presidency.
The 5th @SAInvestmentCo will be taking place in Johannesburg on 13 April 2023. An initiative that forms part of the current drive to grow investment to R1.2 trillion over 5 years.
Join the conversation virtually, Learn more https://t.co/mDvBQwgcBD#SAIC2023 #InvestSA pic.twitter.com/YaqpE2uPtv
— SAInvestmentConference (@SAInvestmentCo) April 1, 2023
It said the new investments also significantly contribute to South Africa’s national goals of socio-economic development to create sustainable jobs, reduce poverty and drive back inequality.
These investments have also contributed to a substantial increase in local production and encouraged efforts to buy locally.
President Ramaphosa is expected to address the opening of the South Africa Investment Conference on Thursday morning while also taking part in the panel discussion on “South Africa: Resolving the Energy Crisis”.
The 4th SAIC raised R367 billion in investment commitments, bringing the five-year investment target firmly into sight.
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Picture: Twitter/ @PresidencyZA
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Compiled by Junaid Benjamin
