South Africa's inaugural investment conference meant to garner financial support and revive the economy realized nearly R290 billion in real investments.
President Cyril Ramaphosa told some 13-hundred local and international delegates at the Summit in Johannesburg on Friday that these are real investments that are going to be made, not just pledges.
He said government was hugely overwhelmed by the interest that so many business leaders had demonstrated.
The money will go towards Ramaphosa's goal to raise US$100 billion or R1.2 trillion in investments over the next five years.
Among companies to commit funds, mining giant Anglo American announced that it would invest R71.5 billion into the South African economy over five years through extending the lives of its operations.
Rwanda-based technology company Mara Corporation said it was investing $100 million in South Africa to make affordable, high tech smartphones.
And: Pharmaceutical group Aspen Pharmacare committed an additional R3.4 billion to manufacture sterile anaesthetics at its Port Elizabeth manufacturing site, making this the country's single biggest pharmaceutical investment.
