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.”

Source link

If you are looking to make money from running your own business at home, visit the links below.

Computers and Software Buyers Guide

Compare Computers and Laptops

Mobile Phones Buyers Guide

Compare Mobile Phones