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Former finance minister Trevor Manuel, former deputy finance minister Mcebisi Jonas, Jacko Maree and Phumzile Lungile have been hand-picked by President Cyril Ramaphosa as high-powered investment envoys mandated to revitalise investment in SA and raise $100bn over the next five years.

They will report to Trudi Makhaya, who was appointed as Ramaphosa’s economic adviser. Makhaya is a Business Day columnist.

Ramaphosa announced the appointments on Monday at the OR Tambo International Airport Southern Sun ahead of a trip to London to the Commonwealth heads of government meeting. He will be accompanied by government, business and civil society representatives.

“In the state of the nation address, a central priority of government was how to raise investment in the economy,” he said, adding that such funding was a prerequisite for economic growth.

Since 2008, foreign direct investment had fallen from 24% of GDP to 19%. The aim, he said, was to reach 30% in line with the National Development Plan (NDP).

Ramaphosa said the move to revitalise investment would culminate in an investor summit in August or September.

He said there would be a book of investors to cement their commitment. “This will inject a significant boost to the economy.”



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