Cabinet ministers preparing for next week’s investment conference are confident that “substantial” announcements will be made to provide SA with a much stronger investment pipeline. When he came into office in February, President Cyril Ramaphosa set the goal of attracting $100bn in new investment over the next five years. The conference is seen as an important part of the process and aims to showcase SA and enable easy connections to government by prospective investors. Most of the biggest JSE firms have committed to participating in the conference, as well as the entire asset management and savings industry, economic development minister Ebrahim Patel said at a briefing in Cape Town on Thursday. Foreign firms from 25 countries had also indicated they will attend, among them 27 Fortune 500 companies. Ramaphosa’s economic advisor Trudi Makhaya said that a scorecard is being developed to track the $100bn target. In an interview on Thursday, trade and industry minister Rob Davies said ...
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