Political Correspondent
President Cyril Ramaphosa has moved to assure investors their investments are safe, as South Africa’s business operating environment is underpinned by the rule of law.
Delivering the keynote address at the South Africa Infrastructure Investment Summit in Cape Town on Wednesday, Ramaphosa said because it is the building block of every modern economy on earth, “infrastructure is the next great frontier of investment”.
The event was hosted by one of the world’s largest infrastructure platforms, BlackRock, which has made a $500m commitment towards the African Infrastructure Fund, with investments in energy systems, logistics corridors and transport infrastructure.
“It is in this context that institutional investors are increasingly looking to South Africa as a strategic, long-term investment destination,” he said.
