An investment pipeline of R18.2bn mostly in large-scale gas to power projects had been facilitated by Invest SA, Minister in the Presidency Jeff Radebe said in a post-cabinet media briefing on Thursday. Invest SA is a division of the Department of Trade and Industry (DTI) which is mandated to promote and remove obstacles to investment. Radebe also noted that government had been working with business, civil society and labour to translate government plans into "concrete actions that will ensure SA remains an investment grade country". His comment came ahead of the announcements in the next few weeks by credit ratings agencies Moody’s Investors Service, Fitch Ratings and S&P Global Ratings on their updated sovereign credit rating for SA. "Cabinet calls on all sectors to join government in a united front to protect the country’s investment status," Radebe said.
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