4th INVESTMENT CONFERENCE PLEDGES
Honourable President Cyril Ramaphosa announced that the 80 investment pledges received at the SA Investment Conference on 24 March 2022 amounted to R332 billion. With R1.14 trillion in investments to date, this translates to 95% of the initial investment mobilisation drive target of R1.2 trillion that was set out to be achieved within a five-year period.
List of pledges
South Africa is closer to achieving the Investment Drive Target of R1.2 trillion.
4th Investment Conference in Pictures
Since launch in 2018, the South African Investment Conference (SAIC) has drawn delegates from South Africa and the rest of the world with the objective of showcasing the investment opportunities available in the country. To date, SAIC has attracted more than R700 billion worth of investment commitments. As SA seeks to recover from the economic challenges exacerbated by the Covid-19 pandemic, tackling unemployment, poverty and inequality among others remains a key priority for government. The 4th SA Investment Conference seeks to build on the successes of the previous editions of SAIC and will showcase the strengths and competitive advantages that South Africa offers and why it is an ideal investment destination for local as well international investors looking to grow in Africa. This 2022 conference took place on Thursday 24 March, and was held in person at the Sandton Convention Centre.
Opening of the Kwastina Corobrik R800 Million factory
04 May 2022 - Deputy Minister Fikile Majola joined Gauteng Premier, David Makhura, Corobrik CEO, Nick Booth and President Cyril Ramaphosa for the official opening of the Kwastina Corobrik factory. The R800 million investment project will have the capacity to supply the South African market with 100 million bricks per year. The factory forms part of Corobrik's pledge at the 2019 South African Investment Conference to invest over R1 billion in South Africa by 2022.
THE 2022 SA INVESTMENT CONFERENCE
Pretoria, 23 March 2022. President Cyril Ramaphosa will open the fourth South African Investment Conference (SAIC) on Thursday [subs: 24 March] at the Sandton Convention Centre in Johannesburg. In 2018 the president committed to raising R1.2 trillion in five years to boost economic growth and stimulate employment...read more
Game-Changing SA Energy Plans Afoot
After a decade of hard work, research and investment, South Africa is finally ready to start manufacturing hydrogen fuel cells to be used as an alternative source of energy. After the State of the Nation address in February, South African President...read more