ECONOMY
South Africa’s government has had to walk a tightrope this week between securing new pledges for investment without threatening existing lucrative investment in the economy over its stance to solve the energy crisis.
The fifth South Africa Investment Conference (SAIC) concluded on Thursday surprised many when it reached R1.51 trillion in pledges, overshooting the government’s initial R1.2 trillion target by 26%.
President Cyril Ramaphosa said this has been a watershed conference since the first phase of the national investment mobilisation drive was now concluded,
