South Africa

Government is working on finalising the national data and cloud policy of South Africa to improve the environment for the establishment of networks.

Propelled by the success of the South Africa Investment Conference (SAIC) held annually in the country over the past five years, President Cyril Ramaphosa has set a R2 trillion target for South Africa to achieve over the next five years.

Government and the private sector must work together to boost investment in research and development.

Human Settlements Minister Mmamoloko Kubayi has lauded the functioning judicial system which makes South Africa fertile ground for investment.

Pledges at the annual South Africa Investment Conference (SAIC) over the past four years have exceeded President Cyril Ramaphosa’s target of R1.2 trillion in investments by some R306 billion – overachieving the target by 26%.

With the success of South African stories on the streaming platform Netflix, the company has pledged to invest R929 million investment into the creative industry for 2022-23.

The morning session of the South Africa Investment Conference (SAIC) has seen a number of companies making significant investment commitments.

Chief Operations Officer for the Industrial Development Corporation (IDC), Joanne Bate, says although the Just Energy Transition is expected to bring challenges to businesses and society, it also presents “major opportunities” not only for bigger companies but also for SMMEs and for localisation.

Government will not leave any communities or industries behind as the country gradually transitions from a high carbon emitting country to a low carbon emissions economy.

Partnerships between government and the private sector are imperative for infrastructure development, says Public Works and Infrastructure (DPWI) Minister Sihle Zikalala.