Business

Ramaphosa opens South Africa’s fourth investment conference on Thursday – SABC News

President Cyril Ramaphosa will open the great anticipation South Africa’s fourth investment conference in Sandtonnorth of Johannesburg, on Thursday.

Hann started the annual event in 2018 with the goal of attracting 1.2 trillion worth of investment over five years. So far, the country has managed to attract

R770 billion in liabilities in many industries.

President Ramaphosa’s government has put investment at the heart of its efforts to achieve its goal of economic reconstruction and reconstruction.

Since the SA Investment Conference began in 2018, Ramaphosa’s initiative has brought 290 billion Romanians into the economy, equivalent to 38% of the R770 billion in commitments pledged at the last three conferences.

After released last year due to the COVID-19 pandemicTrudy Makhaya, the president’s economic adviser, said the event would follow strict COVID-19 rules.

“This meeting will show the country as an ideal investment place for local and international investors,” said Makhaya.

South African Investment Conference I. Preparations underway in Sandton:

DA: It will be difficult to get more promises

The Alliance for Democracy (DA) says President Ramaphosa is struggling to convince foreign potential investors to enter the country at the fourth South African investment conference.

DA chief Dion George says it will be difficult to get more promises this time around as investors will judge Pretoria for choosing sides in the dispute between Russia and Ukraine.

EFF: Some funders are questionable
The Economic Freedom Fighters (EFF) say they have no faith in the annual SA investment conference convened by President Ramaphosa.

EFF says after three conferences that no real money has been received except for commitments and promises that have yet to be recorded.

The party’s spokesman, Leigh-Ann Mathys, said some of the conference’s funders were dubious.

SA’s fourth investment conference begins on Thursday: Trudi Makhaya gives an insight

Ramaphosa opens South Africa’s fourth investment conference on Thursday – SABC News

Source link Ramaphosa opens South Africa’s fourth investment conference on Thursday – SABC News

Back to top button