S. Africa pledges to create more jobs

A total of $24.2 billion in investments pledged at a Johannesburg conference last week is expected to create 412,000 jobs in South Africa, according to President Cyril Ramaphosa.

The investments will support 31 projects, announced in 2018, in the auto, mining, energy and agro-processing industries. Seventeen projects are already under construction or at an implementation stage, involving $15.9 billion of investment.

Ramaphosa said this year's investments exceeded the amount pledged at last year's South Africa Investment Conference, where $20 billion was pledged.