Since 2018, The South African Investment Conference has annually attracted delegates from South Africa and across the world to Sandton, Johannesburg to discuss investment opportunities in Africa’s most advanced economy. Over R650 billion of investment commitments were made at these conferences, as leaders from business, government, and the investment community forged relationships and explored ways to reignite growth in South Africa.
This year has seen unparalleled economic challenges as a result of the global Coronavirus pandemic and associated preventative measures.It remains a government priority to continue to work towards an improved investment environment and engage with business, investors and other stakeholders. It is not possible to hold large physical events considering the current predicament of COVID-19 and thus, the 2020 South Africa Investment Conference will be a largely virtual event, allowing for participation of stakeholders from across the world.
With the opportunity that the African Continental Free Trade Area (AfCTA) provides, investors have an opportunity to participate in the untapped potential of an integrated continent. AfCTA allows for African countries to work together in a trade tariff-free environment, making Africa a dynamic force in the international arena. The three biggest economies on the continent have added their combined economic might to the AfCTA with the intention to stimulate Africans to invest in Africa and boost intra-continental trade.
The livestreamed Conference will provide an opportunity for Cabinet to highlight the measures being taken to support the economic recovery under a programme for a return to growth and a rebound in employment, including structural reforms and investment in infrastructure, as well as showcasing the resilience of South African business and the economic opportunities that exist in these difficult times. The 2020 Conference programme will profile the strengths and comparative advantages South Africa offers investors and trade partners in a period of growing African integration through the African Continental Free Trade Area.