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Minister of the Trade and Industry Rob Davies says the investment pledges made by companies at the Investment Summit were firm commitments that would be injected into the economy.
South African lenders have more than enough resources to meet President Cyril Ramaphosa’s efforts to bolster economic growth and lure more investment into the country. The challenge is finding bankable projects.
The president pushed for more investment in his opening address, and talked about mining, land reform, the stimulus package, reforms to SOEs and more.
President Cyril Ramaphosa says he’s been "overwhelmed" by the level of interest at the investment summit and that his plans to lure $100bn over the next five years are well ahead of target.
There is no reason for South Africa to buy trains from Asia or Europe, Economic Development Minister Ebrahim Patel has told the South Africa Investment Conference.
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