PRESIDENT Cyril Ramaphosa is expected to officially open the much-anticipated fourth South African Investment Conference (SAIC) at the Sandton Convention Centre, in Johannesburg, on Thursday.
In 2018, the President committed to raising over R1.2 trillion worth of investments in five years to boost economic growth and stimulate employment.
Since that year, the President has hosted three annual Investment Conferences at which he set out the policy context and reforms and the private sector provided feedback and made pledges to invest.
The SAIC has drawn delegates from South Africa and the rest of the world with the objective of showcasing the investment opportunities available in the country. However, in 2021 the COVID-19 pandemic led to the postponement of the conference.
According to a statement on the SA Investment site, R774 billion has been pledged to date – two-thirds of the goal, with the investments spread across mining, manufacturing, agriculture, the digital economy
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