President Cyril Ramaphosa unveiled a new investment target of R2-trillion for the five-year period to 2028 at the fifth edition of the South African Investment Conference on Thursday, where he also received new pledges from domestic and international investors that enabled him to confirm that the R1.2-trillion target set in 2018 had been exceeded. The event took place in a context of ongoing power cuts, which the President acknowledged were weakening confidence, tainting international perceptions about South Africa and undermining investment sentiment and decisions.
