South Africa exceeds investment target by 26%
South Africa attracted R1.51 trillion of new investment pledges over the past five years, 26% more than a target set in 2018, President Cyril Ramaphosa said.
New commitments made at an investment conference in Johannesburg on Thursday include those from companies including mobile-phone company Vodacom, miner Anglo American, and brewer Heineken SA, Ramaphosa said at a closing ceremony.
The government is targeting R2 trillion of investment over the next five years, the president said earlier.
Key investment pledges on Thursday:
| Company | Amount (Billion Rand) |
|---|---|
| Hive Energy | 105 |
| Vodacom | 60 |
| New Development Bank | 25.9 |
| Anglo American | 29 |
| South African National Roads Agency | 19.7 |
| Heineken SA | 15.5 |
