JOHANNESBURG, March 16 (Xinhua) -- The South African government on Monday reaffirmed its commitment to securing increased investment to stimulate economic growth and address systemic challenges.
Minister of Trade, Industry and Competition Parks Tau made the remarks while announcing that the sixth South Africa Investment Conference (SAIC) would be held on March 31 in Johannesburg.
"To date, over 600 billion rand (approximately 35.3 billion U.S. dollars) has already flowed into the economy, leading to the establishment of new factories, mines, and industrial facilities," Tau noted. "These investments are critical to our national development goals, as they create sustainable jobs, reduce poverty, and tackle inequality."
Over the past 18 to 24 months, according to the minister, South Africa has successfully addressed several key obstacles, most notably the stabilization of the national energy supply.
"A consistent energy supply, an improved transport and logistics environment, and the drop in inflation to 3.5 percent recorded earlier this year have created a positive knock-on effect across key sectors," he said, adding that both the mining and agriculture sectors have shown strong growth trends.
Tau attributed the four consecutive quarters of economic growth recorded leading into early 2026 to government-led interventions, including the strategic investment mobilization drive.
He emphasized that the improved logistics landscape and lower 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 diverse international partners, including companies from China, the United States, India, and Türkiye.
