President Cyril Ramaphosa has announced that R363 billion in investment commitments have been made at the SA Investment conference. He says the investments are expected to create over 400 000 jobs in the next five years.
The mining industry says the escalating cost and availability of electricity is causing significant challenges for the sector.
President Cyril Ramaphosa is expected to open the country’s second investment conference at the Sandton Convention Centre in Johannesburg on Wednesday morning.
Ten companies have announced they will be investing a total amount of over R130 billion into the South African economy over the next five years.