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SAIC: Over a trillion in investments

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

Energy sector

R3 billion: African Rainbow Energy

R463 million: Bio2Watt

R437 million: Seraphim

R16 billion: Scatec

R30 million: Polarium

Automotive sector

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.