Ramaphosa closes SAIC with revised target of R3trln

By Thebe Mabanga

President Cyril Ramaphosa closed the 6th South African Investment Conference on Tuesday, saying R889.8 billion had been secured, and raising the five-year investment target from R2 trillion to R3 trillion.

“This conference has demonstrated that our economy is entering a new phase of growth,” Ramaphosa said.

“Having witnessed and heard the announcement of commitments of investment that will be made in our country, I can confidently say there is a strong case for investment in South Africa today.”

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Ramaphosa described the structural reform programme being driven through Operation Vulindlela as having positioned the country more strongly for investment.

“Through the structural reform agenda, we have brought about a new era of hope and promise for South Africa, and positioned our