South Africa on Friday held an Investment Conference, at the the Sandton Convention Centre. A combined R290 billion in investments is believed to be gained from the conference.
South Africa’s president Cyril Ramaphosa praised the conference saying that it will increase the number jobs available for the country’s citizens. The main goal of the conference was driving investment back in to South Africa which has been dwindling in previous years.
The secondary goal and was bringing back faith in to the South African Economy as Africa’s power house. According to ewn.co.za over 1000 different companies were in attendance at the Conference, from South Africa, Africa and Internationally. Some of the biggest investment contribution came from Anglo American, the New Development Bank and Vodacom.
South Africa at the moment is going through a technical recession, president Cyril Ramaphosa has been on an investment campaign thought out the year in hopes of boosting the economy back to life and mitigating the effects of the downturn.
By Mokgethi Mtezuka