By Lehlohonolo Lehana.
South Africa is hosting the fourth annual SA Investment Conference.
In 2018 President Cyril Ramaphosa committed to raising more than R1.2-trillion worth of investments over five years. He has previously hosted three annual Investment Conferences at which he set out the policy context and reforms, and the private sector provided feedback and made pledges to invest.
Pledges received in the first three investment conferences amounted to roughly 64% of the five-year target.
At the third Investment Conference pledges of about R774bn were made.
Last month trade, industry and competition minister Ebrahim Patel said of the 152 investment announcements made previously, 45 projects have been completed. A further 57 are under construction.
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Video Courtesy of Presidency.