How Ramaphosa plans to raise 100 billion dollars in new investment

Government is targeting $100 billion in new investment.

President Cyril Ramaphosa appointed a team of business and finance experts on Monday tasked with seeking out the fund which will help boost the ailing economy.

The team of economic envoys have started in Europe and will travel on to Asia and across Africa to build an “investment book” to help plug a substantial shortfall of foreign and local direct investment.

Gugulethu Mhlungu spoke to Bloomberg journalist Sam Mkokeli who is in the UK, to find out how this will be achieved.

It is quite an ambitious target for himself and South Africa but he sort of gets numbers and big projects.

Sam Mkokeli, Bloomberg Journalist

I have been walking around here going to meetings and he seems to have a very good job in getting people excited about what he calls a new dawn.

Sam Mkokeli, Bloomberg Journalist

He is building up to a bigger investment conference in South Africa so by that time there probably would have been a better idea as to what it is they can offer to people coming to invest in South Africa.

Sam Mkokeli, Bloomberg Journalist

People are more open to having a much better conversation about it.

Sam Mkokeli, Bloomberg Journalist

Click on the link below to listen to find out more....


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