Ramaphosa un­veils in­vest­ment plans

The New Age (KwaZulu-Natal) - - Front Page - BERNARD SATHEKGE bernards@the­newage.co.za

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.

Trudi Makhaya

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.