Cape Town – The Department of Trade and Industry has helped to conclude a total of R28 billion in investments in the South African economy and aims to help facilitate R115 billion in investments in the next few years, the Minister of Trade and Industry Rob Davies said today.
The R115 billion target falls under Davies’s performance agreement that he signed last year with President Jacob Zuma.
Briefing media in Parliament following his Budget Vote speech this morning, Davies said of the R28 billion which has already been committed, R13 billion was in the automotive sector, with much of the remainder in business-process services. [Read more…]