The 4th South African Investment Conference (SAIC), to be held on March 24 at the Sandton Convention Centre in Sandton, aims to build on the successes of the first three such conferences.
- Among other objectives, SAIC seeks to bring together private and public sector decision-makers to showcase trade and investment opportunities in South Africa.
- The conference will have a hybrid format with the main event being held in person and the plenary sessions live-streamed for an online audience.
- International and local investors are set to attend the 4th South African Investment Conference (SAIC) hosted in Sandton.
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South Africa will this year continue with its concerted efforts to attract new investments into the country to help revive the economy and boost socio-economic development. The SAIC is part of the government’s investment drive to attract R1.2-trillion over five years – two-thirds of that target was reached at the first three investment conferences.
Among other objectives, the SAIC looks to profile the strengths and comparative advantages that South Africa offers to investors and trade partners in a period of growing African integration through the African Continental Free Trade Area (AfCFTA). Part of the focus at SAIC will also be mining. The South African government is finalising its mining exploration strategy to better attract investors and encourage those who are already operating in this field.
Progress has also been made in the establishment of 13 special economic zones across the country. They provide investors with targeted investment incentives, preferential tax rates, and export support, as well as an attractive manufacturing base for companies seeking to supply both local and international markets.
A 5th South African Investment Conference (SAIC) will be held next year, with the same objectives as in previous years: showcasing the investment opportunities available in South Africa with the aim of growing the economy which has been badly battered by the pandemic, an economic slowdown, likely to worsen as a result of global geopolitical uncertainties.
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