By Marcus Moloko
President Cyril Ramaphosa has urged investors to deepen their commitment to South Africa’s growth, as he delivered the keynote address at the Sixth South Africa Investment Conference (SAIC) in Johannesburg.
Held at the Sandton Convention Centre under the theme Invest, Partner, Prosper, Ramaphosa used the Conference to highlight South Africa’s economic reforms, unveiling Operation Vulindlela as a key mechanism to cut red tape, reduce investment risks, and accelerate growth.
He told delegates that the country is targeting R2 trillion in investment by 2028, with R900 billion expected from this year’s pledges.
Operation Vulindlela’s mandate was simple, according to Ramaphosa.
“Its mandate is simple, to reduce the cost and the risk of investing in South Africa, not through speeches like what I am doing now, but through measurable implementation,” Ramaphosa said.
The president told delegates that government expected R 900 billion in investment commitments from the conference, while the broader target was R 2 trillion in investment by 2028, sustaining the momentum of previous SAIC gatherings.
