• Latest
  • Trending
Mandela acknowledged his own failings: Ramaphosa

Ramaphosa’s investment drive bearing fruit

February 5, 2019
Pfizer vaccine only slightly less effective against key South African mutations – Study

Undocumented migrants and vaccination in South Africa question

February 26, 2021
Red Cross postpones aid convoys after Aleppo attack

Syrian migrant sets sights on seat in German parliament

February 26, 2021
R15.5BN PAID BACK TO SOUTH AFRICANS IN TAX RETURNS

R3 billion investment into SARS is warning to taxpayers in South Africa

February 26, 2021

Libyan Prime Minister-designate proposes unity government plan

February 26, 2021
Zimbabwe has begun the process of acquiring COVID-19 vaccines: Vice President

Israel freezes programme to send vaccines abroad, defence minister says

February 26, 2021
Mkhize determined to get to bottom of VBS ‘corruption’

AstraZeneca deal was sealed before new variant in SA: Mkhize

February 10, 2021
Zuma no-confidence motion set for Thursday – South Africa parliament

COVID-19 direct response should form the basis of Ramaphosa’s SONA: ANC

February 10, 2021
J&J applies for COVID-19 vaccine emergency authorisation from SA

J&J applies for COVID-19 vaccine emergency authorisation from SA

February 10, 2021
All systems go for 6th Parliament SONA

Job opportunities will come, Ramaphosa tells labour federations

February 2, 2021
AstraZeneca vaccine to undergo quality assurance checks before rollout: Mkhize

AstraZeneca vaccine to undergo quality assurance checks before rollout: Mkhize

February 1, 2021
Portfolio Committee on Health notes poor record keeping at Tembisa Hospital

Portfolio Committee on Health notes poor record keeping at Tembisa Hospital

February 1, 2021
Algeria says it has discussed with Russia about producing Moscow’s Sputnik V vaccine

Algeria says it has discussed with Russia about producing Moscow’s Sputnik V vaccine

February 1, 2021
  • Latest
    • Community
    • Africa
    • International
  • Sport
  • Business
    • Finance
    • Technology
    • Motoring
  • People
    • Opinions
    • Health
  • Politics
  • Media
    • Entertaiment
    • Social Media
    • Media
  • Public Statement
Monday, March 1, 2021
  • Login
TP
  • Latest
    • Community
    • Africa
    • International
  • Sport
  • Business
    • Finance
    • Technology
    • Motoring
  • People
    • Opinions
    • Health
  • Politics
  • Media
    • Entertaiment
    • Social Media
    • Media
  • Public Statement
No Result
View All Result
  • Latest
    • Community
    • Africa
    • International
  • Sport
  • Business
    • Finance
    • Technology
    • Motoring
  • People
    • Opinions
    • Health
  • Politics
  • Media
    • Entertaiment
    • Social Media
    • Media
  • Public Statement
No Result
View All Result
TownPress
No Result
View All Result
Home Business

Ramaphosa’s investment drive bearing fruit

February 5, 2019
in Business, Community
0
Mandela acknowledged his own failings: Ramaphosa
161
SHARES
798
VIEWS
Share on FacebookShare on Twitter

PresidentCyril Ramaphosa’s investment drive to attract R100 billion investment over a period of five years is bearing fruit. In less than a year, companies have committed an estimated $20 billion in investment into the country.

Speaking at the Mining Indaba underway in Cape Town, Ramaphosa says the amount already raised indicate that the investment drive is well on track to meet its target.

“Just in a few months, we were able, and seven months at that, we were able to mobilise full commitments that are backed up by projects, 20 billion dollars meaning that clearly indicating that we were already ahead of the target that we had put in place and these announcements mean that the SA economy does indeed have a lot to offer and opportunities are in abundance.”

President #Ramaphosa: We are certain that the Mining Leadership Compact will enable all social partners to each do their part in contributing to the sustainable growth, transformation and competitiveness of the industry.
#InvestinSAMining #MiningIndaba2019 pic.twitter.com/QzhdxdApOg

— PresidencyZA (@PresidencyZA) February 5, 2019


It was a historic occasion as President Ramaphosa is the first sitting President of the country to address the Mining Indaba on its 25 years anniversary.

South Africa has just emerged from technical recession. Ramaphosa says government has decided to re-prioritise spending in order to turn around the economy. He says they’re addressing concerns raised by investors on prices for ports, rail and electricity, as well as infrastructure bottlenecks.

He’s also says both the Mining Charter and the Petroleum Resources Development Amendment Bill provides certainty on policy issues.

“Significant work has been done to remove the uncertainty that held back the development of the industry. We have emerged from a period of strained relations where the courts became the main platform of engagement between the industry and government; we want to put that behind.”

Ramaphosa has allayed fears of investors on expropriation of land without compensation. He says everything will be done in accordance with the constitution.

“The measure we are proposing will apply to land for purposes of land reform only and with a clearly defined set of circumstances. This measure will be undertaken in a way that promotes economic development and growth investors need not fear that their investment and assets will be taken away from them.”

President #Ramaphosa: We are certain that the Mining Leadership Compact will enable all social partners to each do their part in contributing to the sustainable growth, transformation and competitiveness of the industry.
#InvestinSAMining #MiningIndaba2019 pic.twitter.com/QzhdxdApOg

— PresidencyZA (@PresidencyZA) February 5, 2019


He says the government is committed to make sure that Eskom keeps the lights on. He adds that measures will be announced to stabilise and improve Eskom’s financial woes.

Comments

Tags: cape townCyril RamaphosaEconomyInvestmentsMining IndabaWestern Cape
Share65Tweet40Share11Share16Send
Previous Post

The GOOD party launches a plan to fix South Africa

Next Post

DUT students shot dead amid protests

Next Post
Suspected airport robber killed in police shootout

DUT students shot dead amid protests

Please login to join discussion
No Result
View All Result
Currently Playing

SAElections2019 Indelible Ink & Election Fraud

SAElections2019 Indelible Ink & Election Fraud

00:01:40

Why would Mampintsha assault Babes Wodumo?

00:00:40

Alph Lukau “raising the dead” is a fraud

00:01:36

Moozlie Mabena involved in a live video crash

00:00:58

Welkom Hijack Man shot in parking lot

00:01:04

Female theft suspects tries to evade guards at Clear Water Mall

00:01:48

Franchise Driver on duty with sex worker

00:00:47

Courageous female driver attack hjackers on driveway

00:01:33

University of Zululand Student stabbed to death by roommate

00:00:41

Vehicle High Jacking on Cedar road, Midrand

00:01:57

Watch thief steal a Hilux in Bloemfontein

00:01:05

Watch Mosque Shoe snatchers in action

00:00:43

Watch these Unbelievable Shoplifters Caught with the Loot

00:03:13

Journalist attacked by EFF Floyd Shivambu and security details

00:00:43

Attempted cash in transit heist by DSTV office in Randburg

00:00:48

KFM Presenters and the Three Rs Blunder

00:00:59

SAPS Higspeed chase

00:01:08

Ruthless home invaders in westrand

00:01:30

Dj Khomza bashes girlfriend with a spanner

00:01:56

Daybreak Robbery in Auckland Park

00:01:15

Fake Police arrested in Johannesburg

00:01:00

#MduduziManana assault video at Cubana

00:00:29

Racial assault of couple at KFC montana

00:01:22

Smart Porsche driver escapes hijackers in Johannesburg

00:00:49

VW Polo Hijack at Kempton Park filling station

00:02:13

Women caught husband cheating and jumps on Carhood

00:02:02

Carlton Centre, Joburg Heist

00:01:06

Did Malema call Mandela a Sellout ?

00:02:01

Petrol Attendant beat up a man

00:01:01

Car Hijack gone wrong

00:02:15

Armed robbery in Alberton

00:00:52

Mother and son in Polokwane attacked by panga wielding robbers

00:02:04

Hyundai i10 Hijacking in Chatsworth

00:00:59

Check more Videos on Youtube

Connect

Connect
TownPress

Copyright © 2021 Townpress.

Navigate Site

  • Terms and conditions
  • About Us
  • Subscription
  • Contact
  • Account

Follow Us

No Result
View All Result
  • Latest
    • Community
    • Africa
    • International
  • Sport
  • Business
    • Finance
    • Technology
    • Motoring
  • People
    • Opinions
    • Health
  • Politics
  • Media
    • Entertaiment
    • Social Media
    • Media
  • Public Statement

Copyright © 2021 Townpress.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Go to mobile version
This site uses cookies to improve user experience: Find out more.