Streaming issues? Report here
702 logo Gradients 702 logo Gradients
Late Night Talk
00:00 - 04:00
volume_up
volume_mute

Up Next: Early Breakfast with Africa Melane
See full line-up
Late Night Talk
00:00 - 04:00
Home
arrow_forward
Business
fiber_manual_record
Politics
fiber_manual_record
Local

'These investments are not fluff, this is actual money that has been pledged'

7 November 2019 8:16 AM
Tags:
Cyril Ramaphosa
business investment
south african investment conference

Presidential Investment Envoy Phumzile Langen says raising R1.3 trillion is an amazing start to the country's investment drive.

At the South African Investment Conference on Wednesday, President Cyril Ramaphosa confirmed that there was an investment commitment of R363 billion which is estimated to create 412 direct jobs over the next five years.

The gathering is part of the president's investment drive to improve the country's economic growth and deal with a 29.1% unemployment rate by raising R1.3 trillion.

RELATED:'President's progress report at investment summit shows government's commitment'

The president had tasked Trevor Manuel, Mcebisi Jonas, Jaco Maree, and Phumzile Langeni to attract the much-needed investment to turn the country's economic situation around.

Bongani Bingwa chats to Langeni on whether the four individuals' efforts will yield tangible results.

The raising of the R1.3 trillion is an amazing start given where we have come from over the last few years. Underlying that ambition is the hope that we can all do better than the R1.3 trillion, but it will give us a much needed shot in the arm.

Phumzile Langeni, Presidential Investment Envoy

She says pledges by different companies have been converted into projects on the ground and indicates that certain time-frames were also given.

In some instances, they will be rolled out over a three-year and five-year period. Certainly, these investments are not fluff, this is actual money that has been pledged.

Phumzile Langeni, Presidential Investment Envoy

She says one of the most tangible investments was the Mara Phones launch and the Bidvest Terminal.

Those are actual new investments that have come into South Africa. For us to be able to get these investments, it shows that the investment community believes that progress has been made and people are seeing tangible reforms.

Phumzile Langeni, Presidential Investment Envoy

Listen below to the full conversation:


7 November 2019 8:16 AM
Tags:
Cyril Ramaphosa
business investment
south african investment conference

Recommended

More from Business

ramaphosa-imbizojpg

Liquor trade council writes to Ramaphosa to ensure sale of liquor continues

12 July 2020 5:13 PM

Concerns have been raised over the impact of booze on trauma admissions since the ban on sales was lifted in June.

Share this:
Read More arrow_forward

Restaurant with spaced table for Covid-19 social distancing

Load shedding yet another blow for struggling SA businesses

11 July 2020 2:19 PM

Eskom is implementing stage two load shedding for a second day, while technicians work to bring generating units back online.

Share this:
Read More arrow_forward

Darkness, no electricity, load shedding

Loadshedding to be implemented from Friday - Eskom COO

10 July 2020 11:03 AM

More generating units have broken down, resulting in the utility battling to meet the high demand for electricity.

Share this:
Read More arrow_forward

wifi-internet-data-broadband-cell-phone-mobile-device-network-providers-123rf

Small Business Focus: How to get your marketing right in a shrinking media world

9 July 2020 8:38 PM

Pavlo Phitidis says focus must be on the customer group you are trying to reach. You've got to get your demographics right.

Share this:
Read More arrow_forward

broken-heart-broke-money-coins-finances-love-relationship-divorce-break-up-123rf

Personal Finance Feature: Julia - The super saver

9 July 2020 8:02 PM

Though leaving corporate to venture into tourism has been a big test of resilience, she is still happy with her decision.

Share this:
Read More arrow_forward

180710sactwu-strikejpg

SA is becoming a country of old people. Median age has risen from 23 to 27

9 July 2020 7:30 PM

Lumkile Mondi says skills and knowledge that have driven a lot of the growth in the past are going to be undermined.

Share this:
Read More arrow_forward

190430-joburg-soca-edjpg

City of Joburg tables R68.1bn budget for 2020/2021

9 July 2020 5:25 PM

This follows several delays which saw the Gauteng government throw the book at the city’s council threatening to place it under administration.

Share this:
Read More arrow_forward

Woman saving money piggy bank mask 123rf 123rfbusiness 123rflifestyle

Supersaver Julia has changed lives, and she can change yours! – Bruce Whitfield

9 July 2020 3:00 PM

Need the inspiration to save? The Money Show’s Bruce Whitfield interviews “Supersaver Julia” at around 7:15 pm tonight.

Share this:
Read More arrow_forward

200106-daniel-mminele-edjpg

Daniel Mminele on his shapeshifting career

8 July 2020 8:43 PM

Absa CEO Daniel Mminele says they had to transition very quickly within a very space of time into operating in a new normal.

Share this:
Read More arrow_forward

171227prieska-arrestjpg

Payment methods ... the good, the bad and the ugly

8 July 2020 8:14 PM

Wendy Knowler says it is expensive to issue or bank a cheque. For example, to deposit a cheque can cost well over R100.

Share this:
Read More arrow_forward

More from Politics

ramaphosa3jpg

Ramaphosa reinstates ban on alcohol, COVID-19 death toll surpasses 4,000

12 July 2020 10:30 PM

President Cyril Ramaphosa said on Sunday he was concerned that South Africans were downplaying the seriousness of the pandemic.

Share this:
Read More arrow_forward

Cyril Ramaphosa

(WATCH LIVE] President Cyril Ramaphosa addresses the nation at 8pm

12 July 2020 7:53 PM

Ramaphosa addresses the nation this evening on developments in SA's risk-adjusted strategy to manage the spread of COVID-19.

Share this:
Read More arrow_forward

scootersjpg

'EC scooters were procured to allow transportation of meds by health workers'

10 July 2020 12:07 PM

Provincial health department head Dr Thobile Mbengashe is adamant that these scooters were never meant to be ambulances.

Share this:
Read More arrow_forward

scootersjpg

EC tender was for 100 clinics, not ambulances - Fabkomp director

10 July 2020 7:34 AM

The company that got the R10 million tender's Brian Harmse sheds light on the controversial project.

Share this:
Read More arrow_forward

190124 Phil Masinga4

For anyone to write me off politically at this moment is ill-advised - Gigaba

9 July 2020 11:50 AM

Clement Manyathela chats with former minister Malusi Gigaba in a new feature called #HangingOutwithClement.

Share this:
Read More arrow_forward

123rf A pile of two hundred rand notes, South African currency money

'It is critical that South Africa brings its public debt under control'

9 July 2020 8:07 AM

RMB CEO James Formby says if the country doesnt control its debt, it will find itself in an economic quagmire.

Share this:
Read More arrow_forward

200707truckdriversgif

Truck drivers continue with protest despite union's plea for the strike to end

8 July 2020 1:57 PM

All Truck Drivers Foundation Gauteng secretary Mandla Mngomezulu says the union condemn any violence that is brought by protest.

Share this:
Read More arrow_forward

5bad5cbc-6b7e-4f1f-8645-42121cf93eb0.jpg

Numsa and Sacca among five unions who accepted SAA voluntary severance packages

8 July 2020 11:38 AM

Public Enterprises Department acting director-general Kgathatso Tlhakudi gives insight on how the agreement was reached.

Share this:
Read More arrow_forward

191125mukharigif

George Mukhari Hospital CEO says he learnt about alleged rape from media

8 July 2020 7:46 AM

The police and the hospital are investigating the rape incident of a two-year-old while in a COVID-19 isolation area.

Share this:
Read More arrow_forward

Mokonyane1

'It is important to put something tangible to allegations against Mokonyane'

7 July 2020 2:39 PM

Investigative journalist Kyle Cowan says the Zondo commission is taking a very long time and there is a little bit of inquiry fatigue.

Share this:
Read More arrow_forward

More from Local

Power line, electricity, load shedding

Eskom: Load shedding to continue on Monday from 9 am until 10 pm

12 July 2020 6:24 PM

Stage 2 load shedding will end at 10 pm on Sunday and resume again on Monday from 9 am until 10 pm, the power utility said in a statement.

Share this:
Read More arrow_forward

ramaphosa-imbizojpg

Liquor trade council writes to Ramaphosa to ensure sale of liquor continues

12 July 2020 5:13 PM

Concerns have been raised over the impact of booze on trauma admissions since the ban on sales was lifted in June.

Share this:
Read More arrow_forward

TM-ANC-flag.jpg

ANC pays tribute to late stalwart Manthata who died after contracting COVID

12 July 2020 4:07 PM

The former commissioner of the Truth and Reconciliation Commission succumbed to the virus on Friday night at the One Military Hospital in Pretoria.

Share this:
Read More arrow_forward

Cyril Ramaphosa

COVID-19: Ramaphosa to address nation; SA among top 10 most-affected countries

12 July 2020 10:00 AM

South Africa is now among the top 10 countries with the most COVID-19 cases. At least 264,184 positive cases were reported in the country with 3,971 deaths.

Share this:
Read More arrow_forward

20200704masukunasrecjfif

Gauteng accounts for 35,2% of active COVID-19 cases in SA

12 July 2020 9:25 AM

Johannesburg continues to be the epicentre with more deaths and infections than anywhere else in the province.

Share this:
Read More arrow_forward

Alex COVID-19 testing

UPDATE: Gauteng recoveries reach 29,038

11 July 2020 11:04 PM

The number of national recoveries so far is 127,715. The total number of tests conducted to date is 2.108,570.

Share this:
Read More arrow_forward

Light bulb against dark background, electricity, load shedding. Image: Pexels.

Eskom: Load shedding to resume on Sunday

11 July 2020 6:37 PM

The state-owned power utility said stage 2 load shedding will resume at 8 am on Sunday until 10 pm.

Share this:
Read More arrow_forward

200711zuurbekomgif

Police now able to probe fatal hostage scene at Zuurbekom church

11 July 2020 4:30 PM

This after a crowd of congregants were ordered to disperse.

Share this:
Read More arrow_forward

drugsjpg

PE man (35) arrested for possession of mandrax tablets worth over R750k

11 July 2020 4:18 PM

An intelligence-driven operation conducted this week, led police to a house in Phuku Street.

Share this:
Read More arrow_forward

200227-david-maynier-edjpg

MEC Maynier criticises Presidency for ‘flip-flopping’ on tourism industry rules

11 July 2020 3:40 PM

In a tweet late on Friday night, the Presidency confirmed accommodation for leisure is open for travel within provinces was allowed.

Share this:
Read More arrow_forward