South Africa To Host Fourth Investment Conference

South Africa will this year continue with concerted efforts to attract new investments into the country to help revive the economy and boost socio-economic development.

One of the major events is the fourth South Africa Investment Conference (SAIC) to be hosted in Johannesburg on 24 March 2022, which forms part of our investment drive to attract R1.2 trillion over five years.

This ambitious investment initiative began in 2018 and has already attracted R770 billion in commitments across a wide range of economic sectors. Government has placed investments at the heart of its efforts to achieve its national goal of economic reconstruction and recovery.

New investments stimulate economic activity in South Africa and also hold enormous benefits for Southern Africa as a whole. The country is an economic hub and gateway into Africa for various markets and business opportunities, including attracting potential investors and tourists alike.

Many multinationals investing in South Africa also use the country as a base to serve their customers in Africa and in particular the southern region. As a relatively stable country with a technologically advanced telecommunications network and a secure banking system, South Africa provides support to these global companies so that they can take advantage of opportunities in the country and the region.

South Africa’s regional partnerships include participation in the Southern African Development Community, the Southern African Customs Union and the new African Continental Free Trade Area (AfCFTA).

The AfCFTA makes trade between African countries easier by providing new export opportunities for Southern African products and services to member countries which trade with each other without tariffs or other hindrances.

South Africa is already working with a number of neighbouring countries to grow business, trade and investment. This regional partnership provides a gateway for potential foreign and intra-African investments in the continent.

The country continues to relax cross-border financial regulations and tax requirements to enable local businesses to expand into Africa to support continental growth. Similar support measures apply to foreign companies which use South Africa as their regional headquarters to invest in African countries.

Since South Africa’s future is intrinsically linked to that of the continent, the country continues to play an integral role in Africa’s advancement and remains dedicated to Africa’s prosperity.

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