The 4th South Africa Investment Conference (SAIC) brings together investors from across the country and around the world to promote South Africa as an attractive investment destination and trade partner.
The SAIC forms a crucial part of President Cyril Ramaphosa’s investment drive to attract R1.2 trillion over a period of five years. Since the first conference in 2018, South Africa has attracted R774 billion worth of investment commitments across a broad range of economic sectors, including, mining, manufacturing, agriculture and the digital economy.
Investment stimulates and supports the growth of local economies, with direct material benefits for our people. It creates work opportunities and full-time jobs, providing people with an income to feed their families and pay for basic amenities.
President Cyril Ramaphosa
Why does investment matter?
Attracting local and foreign investment is vital to ensuring that no one is left behind as we work towards economic recovery in the wake of the Covid-19 pandemic.
Without investment, the South African economy will not be able reach its full potential. When investment flows into our towns and communities, it helps our industries to thrive, boosts infrastructure development and increases productivity – while creating much-needed jobs.
This growth and development is crucial to our progress in reducing poverty and inequality. It also increases the funds available to government to spend on vital services as hospitals, schools and roads.
This is why government is determined to ensure that the country is not left behind as an investment destination – and that the benefits of investment reach all South Africans.
Investment conference: R42bn from African Development Bank, along with pledges from Ford and others
The African Development Bank will commit R42.5 billion in new financing to South Africa over the next five years, including a R6 billion package to help state power utility Eskom Holdings SOC Ltd. transition toward using cleaner sources of energy.
Gauteng, KZN and the Northern Cape attract the most pledges at investment conference
The provinces of Gauteng, KwaZulu-Natal (KZN) and the Northern Cape secured the largest investment pledges from big business at the fourth annual South African Investment Conference (Saic), securing about R30 billion, R22 billion and R16 billion and respectively.
Platinum group metals miner Implats commits R50bn to five-year capital programme
Platinum group metals (PGMs) mining and marketing company Impala Platinum (Implats) affirmed at the South African Investment Conference on Thursday that it would commit close to R50-billion to its Southern African capital investment programme over the next five years.
AfDB commits $2.8bn to support private investment in SA
The support from the AfDB will target agriculture, renewable energy, transport, youth employment, health and vaccine manufacturing, Akinwumi Adesina announced at the South African Investment Conference.
Ramaphosa assures potential investors that investments will be safe in SA
President Cyril Ramaphosa has assured local and foreign potential investors that their investments are secure and safe in South Africa.
SA Investment Conference to focus on intra-Africa trade
The fourth South African Investment Conference will kick off on Thursday next week. This year’s conference will focus on South Africa remaining a key investment destination despite COVID-19.
Patel highlights success of past events as govt readies for this year’s investment conference
It is once again time for the yearly South African Investment Conference (SAIC), which is scheduled to be held at the Sandton Convention Centre, in Johannesburg, on March 24.
Creamer Media's Engineering News
Exxaro to pledge more investments at upcoming SA Investment Conference
The coal mining company, Exxaro, plans to pledge more investments at the upcoming SA Investment Conference in Johannesburg.