CHARLES MOLELE
PRESIDENT Cyril Ramaphosa said on Thursday that South Africa was close to reaching a five-year target of raising R1.2 trillion in investments following pledges totalling over R332 billion at this year’s investment conference.
Ramaphosa unveiled this at the fourth annual SA Investment Conference held in Sandton, Johannesburg.
Soon after coming to power, Ramaphosa set a goal to raise R1.2 trillion rand to revitalise Africa’s most developed economy following repeated recessions and years of slow growth.
“We’ve now reached 95% of the ambitious target we set ourselves four years ago,” Ramaphosa said.
“What this means is that we are now only R60 billion short of our target. I expect that by next year we will not just reach our target – we will exceed it.”
Ramaphosa said with the pledges received on Thursday, South Africa has now taken the total level of investments pledged at the four Investment Conferences
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