Investment Conference: Hundreds of billions of rands already pledged

TheChamp

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Billions for farmers, cars and clothing - but the mood at this year's investment conference is more subdued

The private sector and public entities on Wednesday pledged new investments during the government's latest investment conference, which is aimed at bolstering the struggling economy.

The second annual conference is part of President Cyril Ramaphosa's plan of raising R1.2 trillion in new investments over five years. In 2018, companies made pledges amounting to R300bn, in what Ramaphosa described as a great milestone. But on Wednesday, the mood inside the Sandton Convention Centre auditorium was less exuberant compared to last year, with fewer companies raising their hands to heed the president's call.

 
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