Ramaphosa opens investment summit

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President Cyril Ramaphosa addresses the Inaugural South Africa Investment Conference. Friday October 26, 2018
By :

Geoffrey Baluku

President Cyril Ramaphosa has officially opened the inaugural South Africa Investment Conference that kicked off in Johannesburg this Friday October 26, 2018.

The summit is just one of a number of interventions the President hopes will create jobs and takes place under the theme, “Accelerating Growth by Building Partnerships.”

Delegates at the Investment Conference

While opening the summit, President Ramaphosa noted that, South Africa was a land of opportunity – a land where the soil is rich and the oceans teem with life, where the beautiful vistas of the country are spectacular and its diverse people are vibrant and resilient.

“We are determined to put behind the past of uncertainty and discord and embrace a future of prosperity,” added President Ramaphosa.

This summit helps build on the recent Presidential Job Summit, where labour, business, government and the community constituency adopted a framework agreement to prevent further job losses, create jobs and support companies in distress.

President Ramaphosa also noted that this inaugural Investment Conference was an expression of a shared hope and a renewed confidence in South Africa, a regional manufacturing and services hub on the African continent, and, for many companies, serves as a base to export products globally.

The president ended his address by inviting the summit delegates to become South Africa’s valued partners in realising the vision – and sharing the benefits – of a new era of renewal, an era of discovery, an era of prosperity and progress and promise.

Over 1000 local, regional and international delegates are in attendance at the Investment Summit that follows a commitment the president made to market the country as an investment destination. Government has committed to attracting 1-point-2-trillion-rand worth of investment into the country over the next five years in order to ensure economic recovery and growth.

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