STATEMENT ON THE OUTCOMES OF THE INAUGURAL SOUTH AFRICA INVESTMENT CONFERENCE
President Cyril Ramaphosa has hailed the success of the inaugural South Africa Investment Conference - which has generated announcements of investment of R290 billion - as the beginning of a new narrative on investment in South Africa.
In his closing statement to the conference in Sandton, Johannesburg, President Ramaphosa said the breadth of case studies presented on the performance of current investments and the range of announcements relating to new and expanded investments affirmed that South Africa was a diversified economy that presented great opportunities.
The conference heard investment announcements from companies in mining, forestry, manufacturing, telecommunications, transport, energy, agro-processing, consumer goods, pharmaceuticals, infrastructure, financial services, energy, ICT and water.
Prominent among these were the themes of value addition, beneficiation, innovation and entrepreneurship.
President Ramaphosa has also expressed his satisfaction that most of the investments announced during the conference have originated from South African enterprises and entities or multinationals based in the country. This reflected renewed investor confidence in and commitment to South Africa after a period of uncertainty and a slowdown in investment.