Ramaphosa kickstarts R1.2trn investor promise at Commonwealth summit

JOHANNESBURG- President Cyril Ramaphosa said he and his team will start inviting “leading investors and leaders of business” during his visit to the UKbefore he left for his planned visit to the UK.

The President will be leading the delegation to the Commonwealth Heads of Government Meeting held on Thursday and Friday.

Ramaphosa announced Monday night the president announced plans to host a major investment conference by the end of September in a bid to attract some R1.2 trillion in investment over the next five years.

The presidency released statement on Tuesday,”President Ramaphosa will utilise the opportunity to engage with major investors and business leaders based in the United Kingdom,”

“The President will thus extend an invitation to leading investors and leaders of business to attend the Investment Summit scheduled for later this year.”

On Monday evening Ramaphosa announced the names of four ‘special investment envoys’ they are executive chair of the Afropulse Group Phumzile Langeni, former finance minister Trevor Manuel, former deputy finance minister Mcebisi Jonas and chair of the Liberty Group and former Standard Bank chief Jacko Maree, who will over the next few months  will have to sell South Africa to investors across the global.

Photo Credit-  www.iol.co.za

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