South Africa Attracts $84 Billion in New Investment Commitments Over Next Five Years.

President Cyril Ramaphosa recently held a meeting with investors as part of the fifth South Africa Investment Conference.

The Chief Executive Officer of the South African Breweries, Richard Rivett-Carnac, announced their investment pledge of R5.8 billion, which is expected to create forty thousand jobs in the country by the end of this year.

While President Ramaphosa has put forward his multibillion-dollar US investment target, many South Africans have raised concerns about the ongoing issue of electricity blackouts, which they believe needs to be resolved to boost investor confidence.

Some citizens also expressed concerns about corruption and the effective use of funds injected by investors.

However, others remain optimistic that President Ramaphosa’s energy investment plan will help turn the country around.

The South Africa Investment Conference was first introduced by President Cyril Ramaphosa in 2018 to attract more investors to the country.