DURBAN – President Cyril Ramaphosa on Wednesday told over 1,000 delegates at the country’s second South Africa Investment Conference that they would be “spoilt for choice” when they saw the opportunities available in the country.
Delivering the opening address at Johannesburg’s Sandton Convention Centre, Ramaphosa joked that the stage was “so big” that he looked forward to companies joining him at the podium to make investment commitments, eliciting chuckles from the capacity audience.
At last year’s inaugural investment conference, local and international businesses made over R300 billion worth of investment commitments.
Ramaphosa appointed four special envoys in 2018 to mobilise investment and help kickstart South Africa’s stalled economy and on Monday he announced the establishment of an investment and infrastructure office based at the presidency and headed by Gauteng province’s former member of the executive council for economic development Dr Kgosientso Ramokgopa.
The president also announced the appointment of Jeff Radebe, Derek Hanekom and Elizabeth Thabethe as additional envoys, focusing on specialised areas in which they had previously served in government, being energy and tourism.