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Fin24 reports that Minister in the Presidency Jeff Radebe advised on Thursday of government’s projection that South Africa would receive private sector investment of R956m in the near future.
Addressing the media following a Cabinet meeting on Wednesday, he said 1,053 jobs were expected to be established. In addition, the Department of Trade and Industry (DTI) attracted R4bn in private sector investment which will have the potential to save and create more than 3,600 jobs in the last quarter of 2017. According to Radebe, SA remains a “preferred investment destination” through foreign direct investment (FDI). Government expects potential FDI to the value of R4.5bn – particularly in the energy and chemicals sector. “This will bring the total potential FDI to R34.9bn,” Radebe indicated.
- Read this report by Liesl Peyper in full at Fin24
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