SA receives R363bn shot in the arm as investors back Ramaphosa’s investment drive
President says investments may lead to the creation of 412,000 jobs
06 November 2019 - 20:29
President Cyril Ramaphosa’s $100bn (R1.5-trillion) investment drive got a boost on Wednesday when his second investment conference attracted pledges of up to R371bn from local and foreign companies, about a quarter more than he secured a year ago.
In what he described as a vote of confidence in SA and a sign that the economy is on the road to recovery, Ramaphosa said companies have pledged about R363bn, with a possible R8bn more awaiting regulatory and board approvals.
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