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Assessing and promoting civil and minority rights in South Africa.

[Source: Moneyweb by Suren Naidoo.]

President Cyril Ramaphosa announced that government has secured international and local investment commitments to the tune of R363 billion in his closing address at the second SA Investment Conference in Sandton on Wednesday night.

Following pledges by business to invest around R300 billion in the country at last year’s inaugural investment conference, this effectively brings total commitments thus far to the president’s high-profile SA investment drive to R663 billion.

Ramaphosa first announced his ambitious target to attract $100 billion in new investment into SA over a five-year period (to 2023) back in February last year, when the rand was trading at around R12 to the US dollar. This investment target, aimed at boosting SA’s flagging economy, translated into R1.2 trillion at the time.

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South Africa at a Glance
58 780 000 (mid 2019 estimate)
3.7% y/y in October 2019 (CPI) & +4.1 y/y in September 2019 (PPI)
3.1% q/q (2nd quarter of 2019)
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