JOHANNESBURG, March 16 (Xinhua) — The South African government on Monday reaffirmed its commitment to secure increased investment to stimulate economic growth and address systemic challenges.
Minister of Trade, Industry and Competition, Park Tau, made the comments when announcing that the sixth South Africa Investment Conference (SAIC) will be held in Johannesburg on 31 March.
“To date, more than 600 billion rand (about US$35.3 billion) of funds have already flowed into the economy, leading to the establishment of new factories, mines and industrial facilities,” Tau said. “These investments are vital to our national development goals, as they create sustainable jobs, reduce poverty and tackle inequality.”
According to the minister, over the past 18 to 24 months, South Africa has successfully addressed a number of key constraints, particularly the stabilization of the national energy supply.
“Constant energy supplies, improved transport and logistics environment and a decline in inflation to 3.5 per cent earlier this year have had a positive impact on key sectors,” he said. He said both the mining and agriculture sectors have shown strong growth trends.
Tau attributed the four consecutive quarters of economic growth recorded by early 2026 to government-led interventions, including a strategic investment mobilization campaign.
He stressed that the improved logistics outlook and low inflation environment are now contributing positively to the broader economy.
The annual SAIC has served as a premier platform for global and domestic delegates to explore emerging opportunities and secure capital commitments since 2018.
Previous editions have successfully secured major pledges from various international partners, including China, the United States, India and Turkey.