SA’s investment prospects buoyed by economic recovery – Ramaphosa

By Cyril Ramaphosa

This week we will be welcoming delegates from more than 50 countries to the sixth South Africa Investment Conference (SAIC) in Sandton, Gauteng. 

Since its inception in 2018, the SAIC has grown to become a premier global forum for showcasing the attractiveness of investment opportunities in our country to domestic and international investors.

Investment conferences play a key role in attracting foreign direct investment (FDI) as high profile platforms that connect international investors with local opportunities.

They also facilitate strong partnerships by bringing together governments, business, banks and development finance institutions.

As investors look to destinations that have demonstrated resilience in the face of increasingly volatile global financial conditions, South Africa presents a favourable proposition.

We are Africa’s largest economy with a diversified industrial base.

Since we began our first R1,2 trillion investment mobilization drive in 2018, we have secured investment pledges in mining, healthcare, automotive, food