Ramaphosa’s plan to attract R1.2tr in investment marks potential new dawn

President Cyril Ramaphosa’s plan to raise over R1-trillion in new foreign investment has been hailed by economists as the beginning of a “new dawn” for South Africa after years of low growth and policy uncertainty. On Monday, Ramaphosa announced that South Africa will later this year host a major investment conference aimed at raising over R1.2-trillion in new investments over the next five years.