Investment Pledges Worth Billions Flowing At #SAIC19

Riyaz Patel

Telecoms giant MTN plans to invest R10-billion a year into its South African operations over the coming five years as part of President Cyril Ramaphosa’s quest to attract more than R1-trillion of fixed investment into the underperforming economy.

Speaking at the South Africa Investment Conference MTN CEO Rob Shuter said the R50-billion (R10-billion a year) would be directed towards rolling out the “digital infrastructure, networks, connectivity and the high-speed highways that South Africans are going to need to move even further into the digital age.”

Another portion of the investment would be deployed by the MTN Group for expenditure on properties, platforms and people in South Africa that are used