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Parliament, Wednesday, 6 November 2019 – The Chairperson of the Select Committee on Trade and Industry, Economic Development, Small Business Development, Tourism, Employment and Labour, Mr Mandla Rayi, has said that the second South African Investment Conference currently underway in Sandton, Johannesburg, is a timely intervention that will have a positive impact on unemployment and economic growth.

“This drive led by the President is most welcomed and indicative of the commitment investors have in our country. Investments made will surely impact positively on our unemployment crisis,” Mr Rayi said.

“A functioning South African economy brings about stability to southern Africa and the continent. Such is the significance of this investment conference. It is also exciting that investors are showing interest on our economy, despite what is reported in the media,” Mr Rayi said.

President Cyril Ramaphosa address the conference this morning. Various companies have reportedly pledged billions in investments.

ISSUED BY THE PARLIAMENTARY COMMUNICATION SERVICES ON BEHALF OF THE CHAIRPERSON OF THE SELECT COMMITTEE ON TRADE AND INDUSTRY, ECONOMIC DEVELOPMENT, SMALL BUSINESS DEVELOPMENT, TOURISM, EMPLOYMENT AND LABOUR, MR MANDLA RAYI.

For media enquiries or interviews with the Chairperson, please contact the committee’s Media Officer:

Name: Sibongile Maputi (Mr)
Parliamentary Communication Services
Tel: 021 403 8438
Cell: 081 052 6060
E-mail: smaputi@parliament.gov.za