Ramaphosa Vows to ‘Hunt’ $100 Billion in South Africa Investment
- South Africa to hold investment conference in fourth quarter
- President Ramaphosa names four envoys to drum up investment
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South African President Cyril Ramaphosa is spearheading a drive to attract $100 billion in new investment as he seeks to kick-start an economy that looks to be on the rebound following years of stagnation.
The push Ramaphosa announced Monday is the latest sign that he intends following through on pledges to create jobs and address years of economic mismanagement since he replaced Jacob Zuma as the leader of Africa’s most industrialized economy two months ago. His administration has already replaced the boards of a number of state companies beset by governance and financial woes.