Hot off the success of R890-billion in investment pledges made at the South Africa Investment Conference last month, President Cyril Ramaphosa noted on Monday that most of the pledges were made by local firms, which he says signals to international investors that the South African economy is stable and strengthening. South Africa’s new target seeks R3-trillion in new investments over the next five years, which Ramaphosa said was called “unrealistic” by some.
