More than R360 billion worth of investment pledges were secured at the latest South Africa Investment Conference – President Cyril Ramaphosa’s flagship forum to secure commitments and interact with local and international investors.
This year, the energy sector attracted the highest value in investment pledges, with R120 billion worth of investments committed.Global green energy company Hive Energy made the largest single investment pledge of R105 billion towards building a green hydrogen and green ammonia production facility at the Coega Special Economic Zone in the Eastern Cape.
President Cyril Ramaphosa delivers the opening address at the 5th South Africa Investment Conference in Johannesburg. Image: Jairus Mmutle/GCIS “Even as we work to improve the performance of our existing coal-fired power stations to address load shedding, we remain committed to a just energy transition and our target of achieving net zero emissions by 2050.”Vodacom came in second with the next largest investment pledge from a single investor, promising to plough R60 billion over the next five years towards enhancing network connectivity and accelerating coverage in the country’s rural areas.