In navigating the impact of COVID-19 on the country’s economy, South Africa remains committed to its five-year investment target of over R1 trillion ($100 billion).
South Africa defines itself as an investment-friendly environment and has piqued interest with global investors through increasing engagement and networking. The plan is to have more than 1,000 U.S. companies operating and investing in South Africa by 2025.
Collaborative efforts between the South African government and the private sector is vital in meeting priority infrastructure targets. At the Sustainable Infrastructure Development Symposium that took place in June 2020, 276 catalytic projects worth R2.3 trillion were identified with a funding gap of R502 billion. The Sustainable Infrastructure Development Symposium (SIDSSA) is a platform that brings together critical role-players in the infrastructure investment space.
As an investment destination of choice for many global corporates, more than 180 Fortune Global 500 companies have a footprint in South Africa.
The Global Innovation Index ranks South Africa number one in innovation in Africa, making it Africa’s leading financial hub.
As a by-product of the National Development Plan 2030 and its National Biodiversity Strategy and Action Plan 2015-2025, South Africa has increased investment in the wildlife and biodiversity sectors. With the help of a $8.9 million grant from the Global Environment Facility (GEF), economic recovery can remain a top government priority.