By Akani Nkuna
President Cyril Ramaphosa said on Monday that South Africa’s investment conferences have helped attract more than R2.4 trillion in pledges since 2018, but acknowledged that the country still needs to convert investor confidence into stronger economic growth and jobs.
In his weekly From the Desk of the President letter, Ramaphosa said investment summits were being used to connect investors with local opportunities.
“These engagements are not ‘just for show’, as some people have suggested,” Ramaphosa said. “They are an opportunity to connect investors with local opportunities, and bring together governments, business, banks and development finance institutions.”
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“Around the world, investment conferences and summits are platforms to attract foreign direct investment in a global investor landscape that has become increasingly competitive,” he said.
“The fact that international and domestic investors are willing to commit capital to South
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