President Ramaphosa bagged R464 billion in foreign investment for SA

President Ramaphosa bagged R464 billion in foreign investment for SA

- President Ramaphosa promised South Africa he would help the country's economy grow massively

- Thanks to recent investments, it looks possible that Ramaphosa will be able to keep his promise

- In the months since he took over as SA leader, Ramaphosa has managed to get R464 billion in investments for the country

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President Ramaphosa is known as a smart businessman and he proved his mettle again when he managed to secure R464 billion in foreign investments.

Ramaphosa has not been in the ruling seat for very long but in that time he has been actively working on building South Africa's economy.

Zuma's legacy of corruption and fraud is a massive mountain for Ramaphosa to overcome before he can truly lead South Africa to a new dawn, and it looks like he might just do it.

President Ramaphosa's plan of action actually started just before he became the president, according to a report by The South African.

He attended the World Economic Forum with one mission in mind: securing investments. Not much later, the United Kingdom agreed to investing R850 million in South Africa.

Recently, President Ramaphosa got a R133 billion deal from Saudi Arabia. King Salman bin Abdulaziz al Saud will be investing a percentage of the R133 billion in South Africa's energy sector, as reported by Briefly.co.za.

A few days later, Mohammed Bin Nahyan, crown prince of Abu Dhabi, promised to also invest R133 billion in South Africa.

The investment deals worth R196 billion between China and South Africa was President Ramaphosa latest success. This investment took the total amount of investment in South Africa past the R464 billion mark.

Briefly.co.za reported on the Chinese president's successful visit to South Africa on the 24th of July.

READ ALSO: Msimanga warns TMPD cops: “You crash a vehicle you pay for it”

The BRICS Summit will start on the 26th of July and it is expected that President Ramaphosa will charm the Brazilian, Indian and Russian visitors into investing as well.

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Source: Briefly.co.za

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