Ramaphosa says S.Africa gets $20 billion of investment pledges at conference

President Cyril Ramaphosa speaks before Finance Minister Tito Mboweni’s swearing in ceremony at Tuynhuys in Cape Town, South Africa, October 9, 2018. REUTERS/Sumaya Hisham

Investment commitments of almost 290 billion rand ($20 billion) into the South African economy were made at an investment conference on Friday, President Cyril Ramaphosa said.

“This is going to give our country the lift it requires,” said Ramaphosa, who has staked his reputation on reviving the economy after a decade of stagnation.

“We are working to ensure we remove whatever blockages stand in the way of these investments.”