{"id":31277,"date":"2022-03-25T01:01:40","date_gmt":"2022-03-24T19:31:40","guid":{"rendered":"https:\/\/tradebrains.in\/features\/safrica-investment\/"},"modified":"2022-03-25T01:01:40","modified_gmt":"2022-03-24T19:31:40","slug":"safrica-investment","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/safrica-investment\/","title":{"rendered":"South Africa investment conference secures pledges of nearly USD 23 bn"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-247014438\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> Johannesburg, Mar 24 (PTI) South Africa on Thursday secured investment pledges of nearly USD 23 billion from international and domestic investors.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4211539661\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> The pledges were made at the concluding day of the fourth edition of the South Africa investment Conference hosted by President Cyril Ramaphosa.<\/p>\n<p> \u201cFour years ago, we set ourselves an ambitious target of raising R 1.2 trillion over a five-year period. The 80 investment pledges at today\u2019s conference come to a total of R332 billion (approx USD 23 billion),&#8221; Ramaphosa said.<\/p>\n<p> \u201cWith the pledges we have received today \u2013 and with cancellations and additions we have heard about from investors in previous conferences \u2013 we have now taken the total level of investment pledged at the four investment conferences to R1.14 trillion,\u201d he said.<\/p><div class=\"trade-content_5\" id=\"trade-3519185684\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> The president said the investment pledges have brought in 95% of the target and the balance would not only be achieved by next year, but would exceed it.<\/p>\n<p> \u201cThe investment commitments that have been made here today are impressive, not only by virtue of the cumulative value of the investments, but also by the sheer number and diversity of projects that they represent,&#8221; he said.<\/p>\n<p> Ramaphosa singled out the countries which pledged investments in the country.<\/p>\n<p> \u201cIt\u2019s important that I should mention some of these countries because there has been this notion that we are losing traction (and) the world is turning against us.<\/p>\n<p> &#8220;The companies that  have come forward to make pledges come from countries like Belgium, Canada, China, the Czech Republic, France, Germany, Ireland, Mauritius, Norway, Pakistan, Sweden, Turkey, the UAE, the US and the UK. That is a good collection of  countries to have as your investors,\u201d he said.<\/p>\n<p> Ramaphosa said the investments in projects like mining would breathe a new life into one of South Africa\u2019s oldest industries and still one of its most important.<\/p><div class=\"trade-content-10\" id=\"trade-1710941687\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> \u201cThe investments in steel, vanadium, aluminium and other manufacturing plants all contribute to our ongoing effort to add value to the minerals that we mine and to create jobs that would otherwise have gone to more industrialised countries. We have been talking about beneficiation for a number of years  and we are beginning now to see more and more fruition,\u201d he said.<\/p>\n<p> Other areas that will be supported by the new investments include production of vaccines and other pharmaceuticals, both for South Africa and the African continent; the export potential of the country\u2019s automotive sector; infrastructure and logistics; property, telecommunications, agriculture and the digital economy. PTI FH  SCY SCY<\/p>\n<div class=\"trade-after-content\" id=\"trade-703211199\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Johannesburg, Mar 24 (PTI) South Africa on Thursday secured investment pledges of nearly USD 23 billion from international and domestic investors. The pledges were made at the concluding day of the fourth edition of the South Africa investment Conference hosted by President Cyril Ramaphosa. \u201cFour years ago, we set ourselves an ambitious target of raising [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-31277","post","type-post","status-publish","format-standard","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Africa investment conference secures pledges of nearly USD 23 bn - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/safrica-investment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Africa investment conference secures pledges of nearly USD 23 bn\" \/>\n<meta property=\"og:description\" content=\"Johannesburg, Mar 24 (PTI) South Africa on Thursday secured investment pledges of nearly USD 23 billion from international and domestic investors. 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