The former Gauteng Economic Development MEC Kgosientso Ramokgopa has been appointed to head the president's infrastructure office.
He was removed as member of executive council in Gauteng to make way for female MEC in order meet ANC directive on a 60/40 gender parity.
Ramokgopa will be part of a special envoys on investment in the president's office that includes former cabinet ministers Jeff Radebe, Derek Hanekom and former deputy tourism minister Elizabeth Thabethe.
While Ramokgopa focuses on the R100bn infrastructure fund, Radebe goes back into the energy sector focusing on gas and oil, while Hanekom and Thabethe also go back to the tourism sector where will be “mobilising” investment.
“The [investment and infrastructure] office will also enable the presidency to oversee coordination between all structures dealing with infrastructure development, including the Infrastructure Fund, which is being incubated at the Development Bank of South Africa,” the president’s spokesperson Khusela Diko confirmed.
“This will allow the Presidency to monitor progress and address blockages in priority infrastructure projects and the private sector projects identified through the Investment Conference.”
The announcement comes ahead of the three-day Investment Conference set to place between tomorrow and Thursday in Sandton. The conference is part of Ramaphosa’s goal to raise R1.2 trillion in local and international investments in the next five years.
“The President has expressed his gratitude to the new Special Envoys on Investment and Ramokgopa for availing themselves to contribute to growing the South African economy and creating jobs for its people,” said Diko.