DONNA SLATER
THE South African government is “confident” of reaching its goal of attracting R1.2-trillion in investment over the five years since launching its yearly South African Investment Conference (SAIC) in 2018, Trade, Industry and Competition Minister Ebrahim Patel has said ahead of this year’s iteration.
The fifth SAIC, and final leg of the five-year investment drive, will take place on April 13, in Sandton, where President Cyril Ramaphosa is hopeful of announcing that government met its investment goals with new multibillion-rand investments into businesses in South Africa.
Since the first investment conference in 2018, South Africa has attracted R1.14-trillion in commitments, representing 95% of its initial target.
In 2022, Ramaphosa announced through the fourth SAIC that the year brought with it R367-billion in investment commitments.
Going forward, Patel says government is evaluating the challenges that it has experienced and will plot the path for investment growth and opportunities over the next five years.
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