Overview
- President Cyril Ramaphosa raised the goal to R3 trillion after Tuesday’s conference closing, following nearly R900 billion in commitments at the 6th South Africa Investment Conference.
- The government plans to spend more than R1 trillion over the next three years to modernise roads, ports and the power system to support private projects.
- The opening pipeline totals R889.8 billion, split between R415 billion in company projects and R474.8 billion from development finance institutions, covering 81 projects across all nine provinces.
- Reforms in electricity and freight logistics are central, with more than 220 GW of renewable projects in development and 36 GW in the grid connection process as rules open grid, rail and ports to private operators.
- Sasol pledged R60 billion to renew plants and the Natref refinery, while the previous SAIC cycle exceeded its goal by mobilising about R1.5 trillion from 2018 to 2023.