President Ramaphosa to address National Local Economic Development Summit

Source: President of South Africa –

President Cyril Ramaphosa will tomorrow, Wednesday, 15 April 2026, address the two-day National Local Economic Development (LED) Summit, which takes place at Birchwood Hotel, Johannesburg.

The summit is convened by the Department of Small Business Development, in partnership with the South African Local Government Association (SALGA) and the Department of Cooperative Governance and Traditional Affairs.

The theme for the event is  “Re-engineering Local Economies: A Collaborative Blueprint for Small Enterprise Growth and Ease of Doing Business.”

The summit serves as a high-level national platform that brings together government, the private sector, academia, development finance institutions and other key stakeholders to advance coordinated and practical solutions for inclusive local economic growth.

The gathering takes place at a critical juncture as government seeks to reposition local economic development as a central pillar of South Africa’s developmental agenda. 

This focus aims to accelerate economic growth, support job creation and strengthen the resilience of local economies, particularly in townships and informal sectors such as rural areas.

Deliberations will focus on strengthening the implementation of local economic development, improving intergovernmental coordination through the District Development Model, and unlocking opportunities for small, medium, and micro enterprises (MSMEs). 

Details of President Ramaphosa’s participation are as follows:
Date: 15 April 2026
Time: 09h00
Venue: Birchwood Hotel & OR Tambo Conference Centre

Media enquiries: Vincent Magwenya Spokesperson to the President – media@presidency.gov.za

Issued by: The Presidency
Pretoria
 

Keynote address by Deputy President Shipokosa Paulus Mashatile at the official launch of Gert Sibade TVET College 4IR Digital Innovation Lab and Centre of Specialisation at the Skills Academy and Artisan Development Centre, Mpumalanga Province

Source: President of South Africa –

Programme Director, DDG Zungu;
Honourable Minister of Higher Education and Training, Mr Buti Manamela;
Minister in the Presidency for Women, Youth and Persons with Disabilities, Ms Sindiswa Chikunga;
Deputy Minister of Labour and Employment, Ms Judith Sithole;
Ministers and Deputy Ministers present;
Premier of Mpumalanga Province, Hon Mandla Ndlovu;
Gert Sibande District Executive Mayor, Cllr WM Mngomezulu;
Principal of Gert Sibande TVET College, Ms Zine Beku-Matlala;
Leadership of the College Council and Management;
Representative of SASOL, Ms Thabile Makgala;
Representative of FESTO, Mr Brett Wallace;
Chairperson of the NYDA, Dr Sunshine Myende;
All Representatives from Industry and Organised business present;
The Students, Academics and Members of the community;
Distinguished Partners and Donors;
Community Leaders;
Ladies and Gentlemen;

Good Afternoon!

It is a great privilege and an honour to stand before you today as we gather to mark the launch of this Artificial Intelligence (AI) laboratory.

The establishment of the Fourth Industrial Revolution (4IR) Digital Innovation Lab, along with the Centre of Specialisation for artisan training, represents a significant advancement in our efforts to cultivate a capable, skilled and competitive South Africa.

These centres connect education with industry, empower young people with forward-looking skills, and position Technical and Vocational Education and Training (TVET) as a driver of economic growth and social transformation.

The work beginning here will ripple outward, motivating communities, empowering youth, and strengthening South Africa’s voice in the global dialogue on technology and human progress. Artificial Intelligence (AI) is reshaping cognition, operations, and problem-solving at a pivotal moment in history. 

However, this transformation is uneven. Access, opportunity, and ability are not equitably distributed. The benefits of AI remain concentrated in centres of excellence, while rural schools, township innovators, and many communities remain excluded. 

If AI is to serve humanity, it must be inclusive, bridging divides, empowering the many, and ensuring South Africa’s voice is influential in shaping global progress.

The World Economic Forum’s Future of Jobs Report 2025 projects that by 2030, tasks will be nearly evenly divided between humans and machines. AI may displace 92 million roles but create 170 million new jobs globally, a net gain of 78 million. 

For South Africa, however, unemployment, inequality, and poverty, compounded by the digital divide, risk deepening exclusion. New jobs will arise in skilled sectors, leaving unskilled workers vulnerable to automation. Access to digital tools, affordable internet, and advanced skills remains inconsistent, limiting adaptation.

Please hear me with an open heart. I do not speak of AI to discourage its use, but to elevate the importance of readiness for the transformation already upon us. 

AI is not here to reduce human dignity, but to expand human potential. It is a partner in progress, a catalyst for creativity, and a bridge to new horizons. The question is not whether AI will transform society, but how and who will benefit.

AI must be seen as a driver of economic development, enhancing productivity, fostering innovation, and creating opportunities. 

This laboratory therefore matters because it allows us to shape outcomes rather than react to them. It creates a platform for the institution to evolve into a hub of inclusive innovation, where research addresses societal needs and the future of work is shaped around people.

Ladies and Gentlemen, technology is a valuable tool, but it cannot lead development alone. Genuine advancement requires integration with human agency, cultural context, and moral leadership. Individuals, policies, and leaders are essential. 

History warns us of transitions unmanaged that led to industries collapsing, communities left behind, jobs lost, trust broken. 

We cannot afford to repeat those mistakes. This transformation must be guided by wisdom, compassion, and responsibility, ensuring technology becomes a bridge to inclusion, not a barrier to dignity.

The success of AI will be judged not by efficiency alone, but by its ability to strengthen social cohesion, expand opportunities, and restore confidence in our collective future. That obligation lies in places like this lab, where we must ask:
• How do we build AI systems that help people, not just businesses?
• How do we ensure workers gain new skills instead of being replaced?
• How do we close the digital gap so all may benefit?
• How do we share AI’s benefits widely across society?

These are moral, financial, and human questions requiring collaboration.

I must indicate that South Africa’s successful adoption of AI will depend less on algorithms than on building a workforce skilled in data literacy, cloud computing, ethical governance, and applied AI integration. We must embed 4IR technologies into artisan training to ensure graduates are industry-ready. 

Our Government is developing a comprehensive response through the Draft National Artificial Intelligence Policy, released for public comment in April 2026. Once approved, it will establish national priorities, norms, and sector-specific strategies across manufacturing, energy, infrastructure, transport, and trade.

The policy introduces interventions for capacity building and digital infrastructure, integrating AI into all levels of education to create a pipeline of talent. It envisions AI hubs and super-computing facilities to empower startups and small enterprises, democratising access and distributing benefits across communities.

In Addition, last month, I challenged federations to draft a Digital Workers’ Charter, a covenant entrenching the Right to Retraining, Data Sovereignty, and Digital Dignity, and safeguarding the principle of Human in the Loop. The Charter should ensure technology serves workers by:
• Mandating consultations with workers on automation decisions.
• Establishing binding transition plans with impact assessments.
• Creating reskilling funds supported by an automation levy.
• Targeting rural investments to combat inequality.

Higher education institutions must partner in preparing people for jobs in the AI-driven economy. Those displaced must have pathways to retraining, strengthening resilience. 

AI must also serve as a transformative force in rural industrialisation, evolving traditional economies into modern, diversified hubs. Integrating AI into agriculture, manufacturing, and services can enhance productivity, elevate product value, and expand market access. This is how we make the digital future equitable, inclusive and considerate. 

We also need to make ethical oversight a top priority so that conscience, openness, and responsibility drive innovation. This AI laboratory, as an innovation centre, will be a catalyst to improve learning and productivity but also form part of our path into an inclusive digital future.  

Through the 4IR Digital Innovation Lab and Centre of Specialisation, we declare that AI will be harnessed to empower, not erode; to strengthen, not weaken; to ensure all stand as beneficiaries of transformation, not casualties of change.

To the students here today: you are not just preparing for the future; you are being called to shape it. Use this laboratory to experiment, to question, and to lead.

To the researchers and faculty, your role in guiding this transformation is critical. The knowledge you produce here has the potential to influence not only industries but lives as well.

To the leaders and partners: your investment demonstrates foresight and responsibility. Its true return will be measured in impact, not just innovation.

Let this LAB be a sign of South Africa’s readiness, a site where we tell the world that we are ready for this transformation. To more of such transformative and futuristic initiatives!

I thank you, Inkomu.
 

Prime Minister and Minister of Foreign Affairs Receives Phone Call from Saudi Foreign Minister

Source: Government of Qatar

Doha| April 14, 2026

HE Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani received a phone call from HH Minister of Foreign Affairs of the sisterly Kingdom of Saudi Arabia Prince Faisal bin Farhan bin Abdullah Al Saud.
During the call, the latest developments in the region were reviewed, particularly those related to the ceasefire between the United States of America and the Islamic Republic of Iran, and the need to uphold it in a way that contributes to enhancing security and stability.
Both sides affirmed during the call the need to strengthen coordination and intensify joint efforts to halt the escalation, paving the way to address the root causes of the crisis through peaceful means and dialogue, ultimately leading to a final agreement that achieves lasting peace. 

Minister of State for International Cooperation Meets Swiss Ambassador

Source: Government of Qatar

Doha, April 13, 2026

HE Minister of State for International Cooperation Dr. Maryam bint Ali bin Nasser Al Misnad met on Monday with HE Ambassador of the Swiss Confederation to the State of Qatar Florence Tinguely.
The meeting discussed cooperation relations between the two countries and ways to support and develop them, along with the latest developments in the region. 

Driving inclusive growth through local economic development 

Source: Government of South Africa

Driving inclusive growth through local economic development 

By William Baloyi
“Sustainable development is the pathway to the future we want for all.” As former United Nations Secretary-General Ban Ki-moon reminds us, this is not merely an aspiration, it is an urgent call to action.

It challenges governments to act with urgency and purpose to grow the economy, advance social justice, protect the environment, and strengthen governance – all at the same time. At the centre of this effort lies the need to unlock the full potential of Micro, Small and Medium Enterprises (MSMEs) through coherent policy, efficient local governance, and targeted economic reform.

Against this backdrop, Government will host the National Local Economic Development (LED) Summit from 15 to 16 April 2026 at the Birchwood Hotel and OR Tambo Conference Centre under the theme, “Re-engineering Local Economies: A Collaborative Blueprint for Small Enterprise Growth and Ease of Doing Business.” 

This Summit comes at a critical moment for our nation as aims to uplift our economy and the well-being of our society at large. 

Local Economic Development is not just another policy discussion, it is a practical and proven mechanism to drive inclusive growth, create jobs, and improve the lives of people in our communities.

The LED Summit is designed as a high-level platform to unlock the economic potential within South Africa’s towns, cities, and rural areas. By strengthening public-private partnerships, it will promote LED as a place-based approach that is inclusive, innovative, and focused on building resilient local economies and more liveable communities.

Crucially, the Summit will bring together stakeholders from across society, government, business, MSMEs, cooperatives, and civil society with a clear purpose: to move from conversation to action. The priority must now be implementation that delivers measurable results and creates a practical, enabling environment for small businesses to thrive, driving growth, job creation, skills development, and municipal financial sustainability.

We cannot speak about LED without recognising the central role of MSMEs, which are the backbone of our economy. They play a vital role in tackling unemployment and inequality, opening opportunities for young people, advancing women’s economic participation, and sustaining local economies across the country. 

Strengthening MSMEs is not optional; it is fundamental to building resilient communities and achieving inclusive growth.

To unlock the full potential of MSMEs, government is taking deliberate steps to remove barriers that constrain business growth. One key intervention is the Red Tape Reduction Framework, which provides municipalities and businesses with practical tools to eliminate unnecessary bureaucracy. By streamlining processes and improving efficiency, entrepreneurs can spend less time navigating compliance and more time growing their businesses.

This work is further supported by the rollout of the E-Registration System, aimed at simplifying and modernising business registration across districts and local governments. Making it easier to register a business helps bring more entrepreneurs—especially those in underserved communities into the formal economy, where they can access opportunities, support, and markets.

These initiatives are aligned with broader reforms outlined in the Revised Draft White Paper on Local Government. The proposed reforms focus on strengthening municipal governance, improving financial management, accelerating infrastructure delivery, and enhancing spatial planning. Effective governance remains the cornerstone of successful LED, and these reforms are geared towards building capable, responsive, and developmental local institutions that can drive economic growth.

The upcoming LED Summit presents a valuable opportunity to consolidate these efforts. It will galvanise coordinated action from government, business, and communities to strengthen partnerships and agree on practical steps forward. Importantly, it will ensure that policies translate into tangible outcomes particularly for informal traders and entrepreneurs who are the lifeblood of township and local economies.

Government continues to draw inspiration from the National Development Plan, which envisions an economy that creates jobs, reduces inequality, and eliminates poverty by 2030. Achieving this vision will require coordinated action, responsive governance, and sustained support for the entrepreneurs who drive economic activity at the local level.

This is not only an economic imperative it is a national mission. Government will play its part, partners must step forward, and together we must build an economy that works for all.

*Baloyi is the Deputy Government Spokesperson at the Government Communications and Information System.

Neo

35 views

Kruger at 100: A South African conversation story

Source: Government of South Africa

Kruger at 100: A South African conversation story

By Niko Allie 
For many South Africans, the Kruger National Park (KNP), affectionally known as Kruger to many, has been our window into the wild.  Every visit to this iconic national treasure is an opportunity to interact with nature and possibly view the Big 5.

On 31 May 2026, the Kruger National Park reaches a historic milestone, marking 100 years of conservation excellence and wildlife protection since its establishment in 1926.

Today the Kruger attracts nearly two million visitors annually and has retained its standing as a top African safari destination. It has become a must visit destination for locals and visitors alike.
    
Most visitors are South African residents who account for about 80% of visits.  However, there has been a steady growth in travellers from neighbouring Southern African Development Community (SADC) countries, who mostly come as day visitors.

Of course, in a country such as ours, a destination like the Kruger National Park does not exist in isolation. Over the years, the Kruger has balanced its conservation mandate and our nation’s societal challenges. The park has become a major economic driver, contributing millions to the economy and supporting extensive local employment. Tourism revenue stands at over R800 million, and accommodation revenue continues to perform strongly.  

The centenary of this South African landmark is an opportunity for all of us to relive the wonder and splendour of nature. It is a reminder that humans can co-exist with animals and nature, and that our very survival as a species is linked to that of our planet and its fragile ecosystems.

The Kruger is home to 147 mammal species; including all of the iconic Big Five, and boasts more than 500 bird species, and a variety of reptiles, amphibians and plants. It is an integral part of the Great Limpopo Transfrontier Park, which encompasses wildlife areas in Mozambique and Zimbabwe.

The KNP is a story of hope, it is an enduring part of the South African narrative, and like any good story there are many twists and turns. The Kruger is a living monument of the fragile balance between humans and nature.  

Severe weather which has become a constant in many provinces in South Africa is now part of the story of Kruger. Climate change is shifting rainfall patterns and drying waterholes, putting pressure on the park and its inhabitants.  

The story of Kruger is also about the communities adjacent to the park and their rightful quest for greater economic inclusion and cultural recognition. Therefore, a vital part of the centenary is to connect staff, surrounding communities, and visitors in honouring the park’s rich history while looking forward to the next century of biodiversity conservation.

It is also true that ensuring a sustainable future for the park and adjacent communities will require renewed thinking on how to ensure greater investment in community-led tourism, along with anti-poaching operations.  

Often hailed as the jewel in our majestic wildlife offerings, the Kruger must continue to be a sanctuary that is open and welcoming to all. Every person who visits must leave with memories for a lifetime, a deep desire to protect our natural landscape and return to visit it time and time again.    

The centenary celebration stands as a magnificent part of South Africa’s story. It is a profound reminder that even in an ever-changing world, there is room for nature and humans to both co-exist and thrive.  

*Allie is the Deputy Director at the Government Communication and Information System.

 

Neo

67 views

South Africa calls for stronger global cooperation in addressing population dynamics

Source: Government of South Africa

South Africa calls for stronger global cooperation in addressing population dynamics

South Africa has called for renewed global cooperation to advance dignity, equality and sustainable development, as world leaders gather to address the challenges of a rapidly changing global landscape.

Delivering the country’s statement at the 59th session of the United Nations Commission on Population and Development (CPD59) in New York, Deputy Minister of Women, Youth and Persons with Disabilities, Steve Letsike, stressed the importance of collective global action in addressing the complex intersection of population dynamics, technology and development.

“We are working together and convening at this important session guided by the Programme of Action and the Living Global Compact, which continues to steer our shared pursuit of dignity, equality and sustainable development,” Letsike said on Monday.

Held under the theme: “Population, Technology and Research in the Context of Sustainable Development”, the session provides a platform for countries to share national experiences and policy approaches.

Letsike highlighted that demographic shifts, inequality and rapid technological transformation are reshaping development pathways globally and within South Africa. 

She noted that these challenges are deeply rooted in lived realities shaped by the enduring legacies of apartheid, patriarchy and economic exclusion.

South Africa, she said, is characterised by a youthful population, with a median age of 28, and a growing ageing demographic, underscoring the need for inclusive, life-cycle-based development strategies.

“This reminds us that development cannot be fragmented — it must be approached across the full life cycle, anchored in human dignity,” she said.

The Deputy Minister outlined South Africa’s response as deliberate and inclusive, grounded in intersectional justice, reflecting the country’s constitutional commitment to substantive equality. This includes addressing inequalities linked to race, class, gender, culture, disability, geography and sexuality.

She emphasised that population issues are closely tied to broader questions of governance, knowledge creation and access to technology, and the risk of exclusion in an increasingly digital world.

“Our response as government is focused on investing in human capability and capital, while ensuring that no one is left behind,” Letsike said, highlighting initiatives to increase women’s participation in science, technology, innovation and research.

South Africa is also using technology to improve service delivery, strengthen governance and expand access to essential services.

Letsike pointed to legislative frameworks, such as data protection and cybercrime laws aimed at safeguarding users, particularly vulnerable groups in an increasingly digital world.

The Deputy Minister warned of the growing risks posed by harmful online trends, calling for coordinated, human rights-based responses to protect users while advancing development.

She reaffirmed that sexual and reproductive health and rights remain central to the country’s population agenda, which she described as “non-negotiable.”

“We recognise bodily autonomy, access to information and reproductive justice as fundamental to development,” she said.

South Africa continues to share its development experiences both domestically and across the African continent, while contributing to global development efforts under the leadership of President Cyril Ramaphosa.

In closing, Letsike called for renewed investment in research, data and innovation, universal access to sexual and reproductive health services, urgent efforts to bridge digital divides, and ethical governance of technology to protect human rights.

“We remain committed to working with all partners in the spirit of solidarity, equality and sustainability to ensure that technology serves humanity, and that no one, no community, is left behind,” she said.

The week-long CPD59 is led by the United Nations Population Fund (UNFPA), which is co-hosting a series of high-impact signature side events focused on how innovative technology and data-driven research are revolutionising approaches to population dynamics.

Expected outcomes of the session include the adoption of key resolutions, determining the theme for CPD61, and finalising the CPD60 agenda. – SAnews.gov.za

GabiK

79 views

Renaissance Services acquiert Socat dans le cadre d’une nouvelle stratégie de croissance

Source: Africa Press Organisation – French

Renaissance Services (www.RenaissanceServices.com), le principal fournisseur omanais de solutions de gestion intégrée des installations (GII) et d’hébergement, a annoncé la finalisation de son acquisition de Socat LLC, la filiale omanaise de la multinationale française Sodexo, dans le cadre d’une initiative stratégique de croissance. L’acquisition renforce davantage la position de leader de Renaissance sur le marché et élargit ses capacités de service dans tout le Sultanat.

La clientèle de Socat comprend des installations commerciales et institutionnelles, et cette acquisition stratégique renforce l’empreinte opérationnelle de Renaissance et ajoute de nouvelles capacités de gestion des installations (GI) axées sur la valeur au portefeuille de l’entreprise.

S’exprimant à cette occasion, Samir J Fancy, président du conseil d’administration de Renaissance Services, a déclaré : « La gestion des installations est un catalyseur essentiel de la Vision Oman 2040, soutenant l’efficacité, la durabilité et la résilience des infrastructures et des actifs économiques du Sultanat. En tant que plus grand fournisseur de GII d’Oman, Renaissance s’engage à renforcer l’échelle et la profondeur des capacités nécessaires pour soutenir cet agenda national. »

L’acquisition de Socat représente la première transaction dans le cadre de la stratégie de croissance inorganique précédemment annoncée par Renaissance et devrait soutenir la création de valeur à long terme pour les actionnaires en renforçant davantage la position de marché et l’offre de services de l’entreprise. L’entreprise continue d’évaluer activement des opportunités d’acquisition supplémentaires à Oman et dans la région qui complètent ses forces principales et s’alignent sur ses objectifs stratégiques de croissance à long terme dans le secteur de la gestion des installations et des services de soutien connexes.

Juma Al Khamisi, directeur financier de Renaissance Services, a ajouté : « L’acquisition de Socat renforce notre diversification et améliore la résilience de notre bilan grâce à des flux de trésorerie stables et à long terme. Elle élargira notre présence dans le secteur privé et nous positionne pour une croissance évolutive. »

Erwan Harb, directeur général de Socat LLC, a déclaré : « Au fil des ans, Socat s’est imposée comme un acteur performant et agile sur le marché omanais de la restauration et de la gestion des installations, porté par une forte discipline opérationnelle et une attention claire à la valeur client. Rejoindre Renaissance marque une prochaine étape naturelle dans notre parcours, nous permettant de croître plus rapidement, d’élargir notre empreinte dans le secteur privé et d’apporter des solutions plus compétitives et innovantes au marché. »

Renaissance Services, cotée en bourse à la Bourse de Mascate (MSX), est un leader dans la gestion intégrée des installations, l’hébergement et les services de soutien à Oman. Elle sert des clients prestigieux dans plusieurs secteurs, notamment le pétrole et le gaz, la défense, la santé, les communautés fermées, la gestion des déchets et les services publics sur plus de 100 sites.

Distribué par APO Group pour Renaissance Services.

Contact média :
Benoy Thomas
responsable senior – Communications, Renaissance Services
Tél : +968-24866814 / 99251614
Email : benoy.thomas@renaissanceservices.com

Media files

Renaissance Services acquires Socat as part of new growth strategy

Source: APO

Renaissance Services (www.RenaissanceServices.com), Oman’s leading integrated facilities management (IFM) and accommodation solutions company, has announced the completion of its acquisition of Socat LLC, the Omani arm of the French multinational Sodexo, as part of a strategic growth initiative. The acquisition further consolidates Renaissance’s market leadership and expands its service capabilities across the Sultanate.

Socat’s client base includes commercial and institutional facilities, and this strategic acquisition enhances Renaissance’s operational footprint and adds new value-based facility management (FM) capabilities to the Company’s portfolio.

Speaking on the occasion, Samir J Fancy, Chairman of the Board of Directors, Renaissance Services, said, “Facilities management is a critical enabler of Oman Vision 2040, supporting the efficiency, sustainability and resilience of the Sultanate’s infrastructure and economic assets. As Oman’s largest IFM provider, Renaissance is committed to strengthening the scale and depth of capabilities required to support this national agenda.”

The Socat acquisition represents the first transaction under Renaissance’s previously announced inorganic growth strategy and is expected to support long-term value creation for shareholders by further strengthening the Company’s market position and service offerings. The Company continues to actively evaluate additional acquisition opportunities in Oman and within the region that complement its core strengths and align with its long-term strategic growth objectives in the facilities management and allied support services sector.

Juma Al Khamisi, Chief Financial Officer, Renaissance Services, added, “The acquisition of Socat strengthens our diversification and enhances the resilience of our balance sheet through stable, long-term cashflows. It will expand our private-sector presence and positions us for scalable growth.”

Erwan Harb, Managing Director, Socat LLC, said, “Over the years, Socat has established itself as a high-performing and agile player in Oman’s catering and facilities management market, driven by strong operational discipline and a clear focus on client value. Joining Renaissance marks a natural next step in our journey, enabling us to scale faster, expand our private sector footprint, and bring more competitive and innovative solutions to the market.”

Renaissance Services, which is publicly listed on the Muscat Stock Exchange (MSX), is a leader in integrated facilities management, accommodation and support services in Oman. It serves prestigious clients across multiple sectors including oil and gas, defence, healthcare, gated communities, waste management and utilities at over 100 sites.

Distributed by APO Group on behalf of Renaissance Services.

Media Contact:
Benoy Thomas
Senior Manager – Communications, Renaissance Services
Tel: +968-24866814 / 99251614,
Email: benoy.thomas@renaissanceservices.com

Media files

.

Sixth South Africa Investment Conference Drives Economic Growth and Job Creation

Source: Government of South Africa

Sixth South Africa Investment Conference Drives Economic Growth and Job Creation

By William Baloyi 
When a new factory opens its doors, its impact reaches far beyond the production line. It acts as a spark for an economic chain reaction that breathes life into the surrounding community. What starts as a single investment quickly creates a wave of opportunities, enabling households to meet their basic needs and aspire to a better future.

As wages flow into the community, this new income is spent at local spaza shops, paid to taxi operators, and reinvested in small businesses, the backbone of many neighbourhoods. Local retailers, seeing a surge in demand, often hire more staff and expand their offerings to serve growing needs.

These ripple effects extend even further. Suppliers increase production, logistics companies move more goods, and the momentum builds. When multiplied across towns, cities, and provinces, such investments weave together into a powerful national story of growth, job creation, and social development.

Every new investment whether a manufacturing plant, a digital hub, or a transport corridor adds a vital spark to our economy. This vision lies at the heart of government’s investment drive and took centre stage at the successful conclusion of the sixth South Africa Investment Conference (SAIC) in Johannesburg last month.

The event marked a significant milestone, bringing together more than 1000 delegates from over 50 countries to engage directly with South Africa’s investment opportunities. The strong turnout from both domestic and international investors served as a decisive vote of confidence in the country’s potential, reaffirming South Africa’s appeal as a compelling destination for business and investment.

At the core of this momentum was the announcement of nearly R900 billion in new investment commitments. These span 81 projects across all nine provinces and represent a transformative step forward in further uplifting our economy. Of this amount, R415 billion is confirmed fixed investment, with a further R474.8 billion allocated towards direct fixed investment.

Sourced from 22 global markets, these commitments are projected to create more than 230,000 permanent jobs. Each job supports families, boosts local consumption, and strengthens the broader economic ecosystem. In this way, investment becomes far more than a financial transaction, it serves as a catalyst for inclusive growth and meaningful social progress.

The expansion of factories, manufacturing capacity, and service industries is essential to sustaining our nation’s employment cycles. Since 2018, when President Cyril Ramaphosa launched the country’s investment drive, approximately R1.56 trillion in investment commitments have been mobilised, exceeding the original target by 26%.

Since the SAIC began, a total of 317 investment pledges have been made. Over R628 billion has already flowed into the economy, 137 projects valued at R400 billion have been completed and 84 projects worth R417 billion are currently under construction.

These investments have undoubtedly bolstered resilience in our labour market. Throughout 2025, the country saw a steady recovery in formal employment and a notable rise in worker earnings. By the fourth quarter, a net gain of 18,000 jobs was recorded, a clear sign that the foundations for long-term growth are being rebuilt.

The positive sentiment has extended to our equity market, with South Africa, according to the latest Bank of America Global Research Equity Strategist report, emerging as the premier investment destination within the Eastern Europe, Middle East, and Africa. The country outpaced Saudi Arabia, the UAE, Poland, Türkiye, Hungary, Greece and Qatar to the top spot. The Bank of America attributes our market leadership to a sustained strengthening in dividend yields and highly supportive valuations relative to historical benchmarks.

The outcomes of the sixth SAIC signal more than immediate gains, they mark the formal start of South Africa’s second investment cycle. With an ambitious target of R2 trillion in new pledges over the next five years, the nation is entering a new phase of economic dynamism, driven by greater policy certainty and aggressive structural reforms.

The conference also highlighted South Africa’s competitive advantage in high-growth sectors, including manufacturing, mining beneficiation, digital infrastructure, agriculture, and green industrialisation. These are the industries with the greatest potential to drive sustainable development and job creation. As these investments take root, they will advance key national priorities: creating jobs, reducing poverty, and addressing inequality.

Beyond the numbers, lies a profound social impact. This economic growth enables the state to reinvest in schools, roads, and hospitals, the very foundations that support further progress. Young people gain clear pathways into the economy, communities become more stable, and a sense of shared progress begins to take hold.

South Africa’s investment drive offers a blueprint for strong economic renewal. When investment flows, opportunity follows, and when opportunity grows, so too does the nation. In turn potential at every level of society is unlocked, restoring dignity, strengthening families, and building confidence in a brighter future for all.

*Baloyi is the Deputy Government Spokesperson at the Government Communication and Information System.

 

 

Neo

24 views