President Cyril Ramaphosa has done his best to tackle investor negativity, but the most urgent challenge is still to engage the unemployed, says Vuslat Bayoglu.
Fin24 sat down with Tanya Cohen, CEO of Business Unity South Africa, the apex organisation that played a key role in coordinating business input to the Jobs Summit and Investment Conference.
The president was addressing delegates at the opening plenary of the African Development Bank’s Africa Investment Forum at the Sandton Convention centre.
President Cyril Ramaphosa has declared the "investment strike" by business over as R290bn was committed to the SA economy.
There’s said to be over R1trn in cash just sitting idle on company balance sheets in South Africa, says fund manager Darryn Faulds.
Alibaba founder and tech billionaire Jack Ma will deliver a keynote address at the upcoming Investment Summit in Johannesburg next week, as President Cyril Ramaphosa seeks to attract billions in new investments to kickstart SA's lagging economy.
President sets ambitious target of R1.2 trillion in investment during Commonwealth Summit in London.
President Cyril Ramaphosa’s plan to raise over R1trn in new investment has been hailed by economists as the beginning of a 'new dawn' for South Africa's economy after years of low growth and policy uncertainty.
Ramaphosa is leading South Africa’s delegation to the 53-member Commonwealth Heads of Government Meeting taking place in the UK.
While Trade and Industry Minister Rob Minister Davies has said the pledges are "firm commitments", PwC says its rosy projections could change if the investments don't materialise.
Business Unity South Africa CEO Tanya Cohen believes SA may exit the recession in 2019, but says but says there has been a decade of destruction and government must take some extraordinary steps to reverse it.
Many projects announced were already in the pipeline. So was there substance in the flourishes? asks Alan Hirsch.
Just 10 companies have between them pledged almost the entire R150 billion target for the President's Investment Summit, as the new administration builds towards a R1.4 trillion grand target.
Mining, energy, water, manufacturing and agri-processing are industries that present 'huge opportunities' for investors looking at South Africa, according to Jacko Maree.
Hot on the heels of the recent Jobs Summit, the upcoming Investment Summit holds significant hopes for a country in deep economic crisis - but, say skeptics, it will not be easy turning things around.
Speaking to the UK media, the president reasons that SA can boost its growth rate to more than double the 2017 level if the country attracts enough investment and institutes reforms.
Fin24 looks at the five people the president has tasked with creating buzz around new investment opportunities in SA ahead of a major summit he hopes will contribute over R1trn to the economy over five years.
Cape WinelandsO'Dwyer Personnel
Atlantic SeaboardShimansky Jewellers
DurbanvilleZaPOP Media (Pty) LtdR1 000.00 Per Month
R 2 395 000
R 8 300 000
Apartments / Flats
R 3 000 000
We subscribe to the Press Code.
You choose what you want
News24 on Android
Get the latest from News24 on your Android device.
Terms and Conditions
24.com Terms and Conditions - Updated April 2012
Creating your profile will enable you to submit photos and stories to get published on News24.
This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.