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R109.6 billion pledged at SA Investment Conference
Post SA conference​
The first mainly virtual South African Investment Conference concluded on 18 November with a prosperous outcome. More than 50 investments totalling R109.6 billion were pledged in both greenfields and expansion projects across the country. This collectively brings the total amount of investment pledges to R773.6 billion in the past three years, with South Africa attaining 64 percent of its total target of R1.2 trillion. 
The investment conference was launched three years ago by President Cyril Ramaphosa to help kick-start the moribund South African economy.

Opening the conference last week, President Ramaphosa said while the focus of the conference this year was on the implementation of secured investments, the fact that so many new investments were secured means companies are looking to invest beyond the pandemic.
“I did not expect that we would hit the R100 billion mark for new investment pledges secured this year. To put a hybrid conference, with virtual and face-to-face plenary sessions like this together is not easy,” he said.

The conference attracted about 1 700 participants with a broad spread of investments in sectors including mining, manufacturing, agri-processing, automotive, ICT, petro-chemicals and tourism including a significant number of smaller, good quality investments in the manufacturing sector, a plus for the country’s recovery trajectory.

Some of the major investments for the country and KwaZulu-Natal are:
  • United Heavy Industries committed R350 million to the establishment of a steel bar manufacturing plant,
  • A lifestyle resort investment is also in the pipeline, with a pledge from Thukela of R1.4 billion,  
  • Provenance committed R100 million towards the development of a film studio and innovation hub in KwaZulu-Natal,
  • The KZN property sector will also see investments through the R8.4 billion pledged by Robert Jurgens Construction Management towards property, including a hospital for the province, while the Blythedale Coastal Estate pledged R800 million towards a lifestyle property development,
  • Really Epic Dog is investing R200 million in the Home Stead luxury game lodge in KwaZulu-Natal,
  • Port Shepstone committed to R550 million in an intermodal transport facility and a shopping mall in KwaZulu-Natal and,
  • Mnambithi Group pledged R1.3 billion in a multipurpose bulk liquid storage terminal in the Port of Durban.
  • Investments that are set to take place across various parts of the country include those by:
  • Equites and Sandvik of R287 million to expand its facilities, 
  • Metair - R1.1 billion in the automotive components manufacturing industry in KwaZulu-natal, the Eastern Cape and Gauteng,
  • Dr Oetker - R200 million to expand the production of pizza and ready-to-eat meals,
  • Frimax - R380 million for the expansion of snacks and potato chips,
  • Pepsico - R5.5 billion to further expand manufacturing capacity across its Pioneer Food operations in the country,
  • PG Bison - R1.98 billion to expand their board manufacturing plant in Piet Retief and investing in a medium density fibre board plant in Boksburg,
  • Akani Properties - R1.2 billion for a number of property developments in the North West, Gauteng and Mpumalanga,
  • Telkom - R8 billion to expand Telkom infrastructure across the country,
  • Google - R2.2 billion in a fibre optics submarine cable in the Western Cape that will provide high-speed internet connectivity across South Africa,
  • Sola - R400 million in the renewable sector across the country,
  • Sola Africa - R170 million in solar energy for large industrial consumers,
  • New Development Bank - R32 billion towards the financing of projects in South Africa,
  • Old Mutual - R3.6 billion in funds towards infrastructure projects across South Africa,
  • Sanlam - R7.25 billion towards funding for small and medium enterprises and infrastructure projects across South Africa,
  • Industrial Development Corporation - R8 billion towards funding projects in South Africa and,
  • Belgian Chamber of Commerce with an investment of R1.5 billion. – 
  • (The list was sourced from SAnews.gov.za)
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