A great deal of things have changed negatively throughout the world’s economic landscape since the COVID-19 pandemic showed up. What seems to amaze us is that even in an economically ravaged, post-pandemic world, South Africa remains the ideal and preferred investment destination for businesses across the globe. This interest in our multi-sector economy is fueled by a targeted investment pipeline of over $62 billion as set by the President of the country during the first ever investment conference in 2018.
Five investment conferences later, South Africa has received a total of 317 commitments and pledges that are worth over $77,4 billion which exceeds the government’s initial goal by 26%.
As it stands, South Africa’s appeal as an investment haven is edified by its Economic Reconstruction and Recovery Plan (ERRP) which clearly articulates and outlines strategies for post-pandemic economic recovery. Additionally, it is further enhanced by the African Continental Free Trade Area (AfCFTA) which presents an opportunity for international investors looking to invest in the rest of the African continent through South Africa as an investment gateway.
Whether you are looking to join the many multinationals who’ve established a sustainable presence in South Africa for decades or looking to establish a footprint into other parts of the continent through South Africa, the level of validation for a promise of returns for prospective investors is clear for everyone to see. This will be achieved through the help InvestSA, which will guide investors through all the stages of their investment process with practical information, specialised assistance and right connections to facilitate the business establishment and expansion plans.
Sitting at the helm of Africa’s investment prosperity, South Africa boasts vast growth opportunities through its multi-sector economy that is active in all nine of its provinces.
R 1.2 Trillion target at 1st SAIC 2018
R 1.5 Trillion in 2023 https://www.sainvestmentconference.co.za/