South Africa’s second investment conference held last week was expected to raise hopes of the country’s economy being revived. President Cyril Ramaphosa’s aim was to build trust with foreign investors. He is determined to raise 100 million US dollars in the next five years. In the inaugural Investment Conference, in 2018, local and international investors pledged to inject as much as R300-billion into South Africa’s economy. According to Ramaphosa, this translated into thirty one projects that would boost the economy and create job opportunities. At this time, eight projects have been completed and seventeen more are in construction, or at the implementation stage.
Joining us today is:
• Dr Peter Karungu is a economist
• Ian Cruickshanks is an economist at the Institute of Race Relations
