Cabinet has expressed confidence that this year\u2019s SA Investment Conference (SAIC) will build on the country\u2019s investment tally, as part of the nation\u2019s drive to attract R1.2 trillion in investment over five years. <\/p>\n
Government on Thursday welcomed delegates from across the country and world to the fourth SAIC at the Sandton Convention Centre, in Johannesburg.<\/p>\n
Following its meeting on Wednesday, Cabinet in a statement on Friday said the conference showcased the many investment opportunities and comparative advantages that South Africa offers investors. It said this was in a period of growing African integration through the African Continental Free Trade Area (AfCFTA), which promotes intra-African trade.<\/p>\n
Cabinet said local and foreign investments play an important role in growing the country\u2019s economy and creating sustainable jobs.<\/p>\n
\u201cThe SAIC spurs a cycle of economic activity, employment and consumer demand that can support the growth trajectory of the country,\u201d reads the statement.<\/p>\n
Previous SAICs attracted R774 billion in commitments.<\/p>\n
\u201cOf the 152 investment projects announced, 45 have already been completed and a further 57 are under construction,\u201d said Cabinet.<\/p>\n<\/p>\n<\/p>\n
Source: South African Government News Agency<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"
Cabinet has expressed confidence that this year\u2019s SA Investment Conference (SAIC) will build on the country\u2019s investment tally, as part of the nation\u2019s drive to attract R1.2 trillion in investment over five years. Government on Thursday welcomed delega…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[],"yoast_head":"\n