‘Local Businesses Are The Vanguard Of Our Investment Drive’ – Ramaphosa

In April last year, I announced our ambition to raise $100 billion – equivalent to R1.2 trillion – in new investment over five years. This was aimed at boosting the rate of investment in our economy, which had been declining over several years.

Not surprisingly, there was a fair amount of scepticism about our ability to succeed in raising this amount of investment.

Now, with the success of the second South Africa Investment Conference, held in Johannesburg last week, those doubts are giving way to a sense of realism and optimism.

The total value of investment commitments made this year has vastly exceeded our expectations.

Last year, we secured R300 billion in commitments towards our goal of R1.2 trillion. Already, these commitments are turning into investments in factories, equipment and new jobs.

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