The recent 4th South African Investment Conference (SAIC) secured significant investments to boost the economy, create jobs and improve lives and livelihoods.
Here are the highlights in numbers.
Five-year target overview
R1.2 trillion: The target President Cyril Ramaphosa put in place in 2018, to raise via the SAIC over five years.
95%: The percentage of the total R1.2 trillion target that was achieved by the end of the 4th SAIC.
80: The number of new investment pledges made at the 4th SAIC.
R332 billion: The value of the 80 new investment pledges made at the SAIC in March.
R1.14 trillion: Total investments pledged since 2018.
R60 billion: The amount still needed to meet the R1.2 trillion target.
Progress up to the 4th SAIC
R774 billion: Investment pledges made before the 4th SAIC, which accounted for 64% of President Ramaphosa’s R1.2 trillion five-year target.
R426 billion: The amount needed to meet the R1.2 trillion target before the 4th SAIC.
152: The combined investment pledges made over the first three years.
45: The number of projects that have been completed; or, where it involves new machinery or equipment, these have been procured and installed; or production has started.
57: The number of projects under construction.
15: The number of projects put on hold, largely to due to COVID-19.
New pledges March 2022
R3 billion: African Rainbow Energy
R463 million: Bio2Watt
R437 million: Seraphim
R16 billion: Scatec
R30 million: Polarium
R16.4 billion: Ford
R550 million: Africa Auto Group
R800 million: BMW
R190 million: Daimler
R102 million: Formex
R180 million: Wheel Assemblers
R1.8 billion: Tshwane Automotive Special Economic Zone
R350 million: Volkswagen
R10 billion: The amount Mercedes-Benz pledged at the SAIC launch to invest on factory upgrades at three of its local facilities. This investment has enabled the automotive manufacturer to build its new C-Class model, which is now being exported to over 100 countries.
Mineral beneficiation sector
R11 billion: African Rainbow Minerals
R10 billion: Anglo American
R11.8 billion: Implats
R140 million: Isondo
R2.8 billion: Ivanhoe Mines
R9.4 billion: Sedibelo
R14 billion: Renergen
R497 million: African Rainbow Capital
Healthcare and pharmaceutical sector
R2.5 billion: Biovac
R500 million: Aspen
R150 million: Cipla
R255 million: Pfizer
R226 million: BT Industrial Group
R20 million: IMT
R3 billion: Nant SA
R484 million: Siemens
R652 million: Afrigen
Creative industries and fashion sector
R350 million: Warner Media
R929 million: Netflix
R650 million: PFN
R390 million: Compagnie Mauricienne De Textile LTEE
R7.5 billion: Videovision Entertainment
Infrastructure, property and logistics sector
R2.2 billion: DSV
R18 billion: Waterfall
R2.1 billion: Imperial
R2 billion: Collins
R7 billion: Telkom
R6.2 billion: Cato Ridge Logistics Hub Consortium
Food and beverages sector
R400 million: RCL Foods
R2 billion: Equator
R170 million: Lotus
R500 million: ECP Private Equity
R4.5 billion: SAB
Development finance institutions
R21.7 billion: New Development Bank
R42.5 billion: African Development Bank
R3.3 billion: Meridiam
R2.25 billion: Norfund
Mobile and paper
R50 billion: The amount Vodacom committed to invest in fixed and mobile networks over the five-year period. The telecoms giant has already invested R47 billion of this pledge.
R7 billion: Paper and packaging manufacturer SAPPI has spent this amount expanding its pulp production capacity to almost 900 000 tonnes per year at its Saiccor Mill in KwaZulu-Natal.