South Africa Secured $13.5 BN in Pledges at Investment Conference

South Africa’s government secured investment pledges of over $13 billion during an investment conference held in Sandton Johannesburg.

  •  Political, diplomatic and business leaders from across the world were in the financial district of Sandton for the conference.
  •  Over 1,700 people from 22 countries joined the gathering which is the second edition of the government initiative.
  •  It was at the inaugural edition of the conference in 2018, that President Cyril Ramaphosa announced his ambitious vision to drive investment of up to $100 billion over a period of 5 years.
  •  This year’s edition is this a continuation of the president’s push to improve Africa’s second largest economy and deal with the 29.1% unemployment rate.

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