South Africa’s president, Cyril Ramaphosa, asserts that despite all the difficulties the nation has endured, the economy will rebound.
Ramaphosa spoke this morning at the Sandton Convention Center in Johannesburg during the fifth South Africa Investment Conference.
The current investment drive, which aims to bring in R1.2 trillion over five years, is concluding with this meeting. Delegates attend the conference from all across South Africa and the world.
The head of state claims that this year’s conference is a chance to evaluate how far the nation has come toward reaching that objective.
According to Ramaphosa, “South Africa remains a desirable investment location despite a challenging local and global economic environment. Over the previous five years, the conference has remained constant in its development and expansion.”
“We set our sights on raising R1.2 trillion in investment over a five-year period in 2018. Despite dampening and poor business confidence, the inaugural conference generated R300 billion in value. Our objective of recovery is one that will take time to complete.”
Ramaphosa continued, “We are on the road to recovery, and we will not be intimidated by the obstacles we confront.”