Ramaphosa ramps up drive for $100 billion of investment

President Cyril Ramaphosa will hope to persuade investors to contribute to his goal of attracting $100 billion into South Africa’s flagging economy within five years at a conference on Friday.

Since Ramaphosa announced the target in April, China, the UK, UAE, Saudi Arabia and Daimler AG’s Mercedes-Benz unit have pledged $35.5 billion. The investment summit in Johannesburg ends on Saturday.

-Bloomberg