R2 Trillion Investment Drive: South Africa Sets Sights on Economic Growth

Mpho Dube
Apr 2
2 min read

*President Cyril Ramaphosa has announced a massive private investment drive, targeting R2 trillion in new investments by 2028.*

By Mpho Dube, Editor-in-Chief, The Azanian

Truth. Fearless. Unfiltered.

President Cyril Ramaphosa has announced a massive private investment drive, targeting R2 trillion in new investments by 2028.

This ambitious goal comes after the country's successful first five-year investment mobilisation drive, which exceeded its target by 26%, securing pledges worth R1.57 trillion.

"The pledges have not been merely vague commitments and promises, but have materialised as tangible, brick-and-mortar projects that are creating jobs for our people," Ramaphosa said in his weekly letter to the public.

The investment drive was launched on March 31, 2026, at the Sandton Convention Centre in Johannesburg, during the Sixth South Africa Investment Conference (SAIC).

The investment drive has already yielded tangible results, with over 300 projects initiated, and 161 of these finalised or under construction. Key projects include the Durban Container Terminal Pier 2 concession, the Platreef Mine in Limpopo, and the BMW plant in Rosslyn, Tshwane.

"We have set ourselves the goal of mobilising R2 trillion in new investments by 2028," Ramaphosa said, emphasizing the country's commitment to structural reform, policy certainty, and policy execution.

Ramaphosa attributes the country's improved investment prospects to structural reforms, particularly through Operation Vulindlela, which has created a sound policy and regulatory environment. "Through Operation Vulindlela, we have nurtured a sound policy and regulatory environment, offering certainty to investors," he said.

The president emphasized that South Africa is committed to staying the course on fiscal discipline, accelerating reforms, and leveraging investment to build an inclusive economy. "We remain committed to staying the course on fiscal discipline, to accelerating the momentum of the reform agenda, and to leveraging investment to build an economy that is inclusive, transformed and that benefits all," he said.