FULL LETTER: Investment Conference a vote of confidence in SA, says Ramaphosa
In his weekly letter
on Monday morning, Ramaphosa reflected on the outcomes of the conference.
He said several industries are set to receive a major boost, including the creative industry.
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“Our creative industries have been given a major boost by multimillion-rand investments in film and television production by the world’s largest media companies like Warner Media and Netflix.
“After nearly 15 years in the making, the eThekwini Film Studio in KwaZulu-Natal will soon become a reality following a R7.5 billion investment from Videovision Entertainment.”
Ramaphosa added that government has now reached 95% of its investment target.
“The value of the investment commitments made at the conference was R332 billion, bringing the total value of commitments to date to R1.14 trillion. With just one year to go, we have now reached 95% of the target we set in 2018.”
READ FULL LETTER BELOW:I am currently on a visit to the United Arab Emirates, where we are making a case for investors in the Gulf and beyond to come invest in South Africa.https://t.co/iD401YsbJK pic.twitter.com/9G3pUHG5rk
— Cyril Ramaphosa 🇿🇦 (@CyrilRamaphosa) March 28, 2022
