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President Cyril Ramaphosa speaking at the South African Investment Conference in Sandton, Johannesburg.
President Cyril Ramaphosa says structural reforms in the electricity and logistics sectors have contributed to increased investment in South Africa.
He says nearly R900 billion of the R2 trillion investment target has already been secured. Ramaphosa was speaking at the South African Investment Conference in Sandton, Johannesburg.
“As we have done with the electricity sector, we are driving a series of reforms in the logistics sector to build a world-class rail network and ports that are efficient, competitive and support our exports. The cornerstone of our reform programme is the National Rail Policy of 2022, complemented by the National Freight Logistics Roadmap of 2023. These policies enable private investment in port and rail operations,” said Ramaphosa.
South Africa Investment Conference:
Government has also announced investments in energy, tourism, manufacturing and digital sectors, which are expected to create more than 200 000 jobs.
In his closing address, Ramaphosa raised the investment target.
“We are now at the first year of this long journey that we started at R2 trillion, but tonight I’m changing the target. As president I’m changing the target from R2 trillion to R3 trillion, that is the new target now. I’m glad that my ministers are applauding more. It means that they have a new mandate and the new mandate is that we must now go for R3 trillion and not R2 trillion anymore, so the target has changed,” he said.
Over 50 countries to attend SA Investment Conference:
