South Africa aims to attract R2 trillion ($108B) in investments by 2028 through its sixth Investment Conference. Recent investments focus on renewable energy, manufacturing, mining, and digital tech, supported by reforms and incentives. However, potential US tariffs pose risks to exports and up to 100K jobs.
South Africa is gearing up for its sixth Investment Conference, aiming to attract R2 trillion ($108B) in new investments by 2028. This effort is part of the government’s push to drive inclusive economic growth, create jobs, and boost global investor confidence.
In 2024, South Africa secured R445 billion in investments across key sectors like renewable energy, manufacturing, mining, and digital technology, signaling a shift toward economic diversification. Structural reforms and tax incentives in special economic zones have improved the investment climate.
Despite these opportunities, South Africa faces serious trade risks; a potential 30% US tariff on exports could threaten up to 100,000 jobs. The upcoming conference is a critical moment for the government to manage these challenges and reinforce sustainable growth.
South Africa ramps up investment drive with sixth conference and bold R2 trillion target – People’s Daily Online