Ramaphosa sets target of R3 trillion in new investments at SAIC

President Cyril Ramaphosa addresses the South Africa Investment Conference (SAIC) in Sandton, Johannesburg on March 31, 2026.

Government has announced investments made into the green economy and energy projects, as well as tourism, manufacturing and the digital sector at this year’s 6th South Africa Investment Conference (SAIC).

The conference concluded with a record-breaking investment commitment totalling nearly R900 billion and expected to create over 200 000 jobs.

During his closing address, President Cyril Ramaphosa challenged policymakers, business and financiers to exceed the newly set R2 trillion target over the next five years and instead aim to achieve R3 trillion in new investments.

Ramaphosa assured delegates that the new Public Procurement Act regulations would be finalised by the middle of the year.

He says, “We are now at the first year of this long journey that we started at two trillion, but tonight (Tuesday) I’m changing the target. As President, I’m changing the target from two trillion to three trillion, that is the new target now.”

Ramaphosa adds: “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 three trillion and not two trillion anymore, so the target has changed.”