Riyaz Patel
The second instalment of South Africa’s Investment Conference is underway, with ANC alliance partner Congress of SA Trade Unions (Cosatu) raising concern over the slow pace of implementation, while the SA Federation of Trade Unions (SAFTU) said it created “false hope.”
The inaugural event raised R300 billion in investment commitments.
The showpiece gathering forms part of a multi-prong strategy seeking to raise R1.2 trillion in new domestic and intentional investment over the next five years.
The SA Investment conference convened as President Cyril Ramaphosa officially launched the Tshwane Automotive Hub at the Ford Motor Company in Silverton, Tshwane.
The Automotive Hub is an outcome of South Africa’s Investment Conference 2018 where the automotive industry pledged investment, transformation and localisation in fulfillment of commitments in the Automotive Master Development Plan 2035.
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