Ramaphosa unveils investment plans
PRESIDENT Cyril Ramaphosa has appointed Trudi Makhaya as his special economic advisor and unveiled ambitious plans to attract more than R1 trillion of investments in the next five years.
He was speaking at a media briefing before jetting to London to attend a Commonwealth meeting. Trevor Manuel, Mcebisi Jonas and Jaco Maree are the team that will spearhead the much needed investment drive.
Ramaphosa said the central objectives of the team, led by Manuel, is to seek investments.
“We want to build our investment book by $100bn (R1.3 trillion) in the next five years.”
He said the government would cover the cost of the investor team’s travels across the world and on the continent.
“This is the era of injecting investment and growth into the economy.
“We want to bring big multinationals, companies like Alibaba, in to invest in South Africa,” he said.
Ramaphosa said the government and business including labour were ready to proceed with the planned investment conference announced during the state of the nation address.