×
App Icon
The Standard e-Paper
Smart Minds Choose Us
★★★★ - on Play Store
Download App

South African president seeks foreign investors to revive economy

South African President Cyril Ramaphosa.

South African President Cyril Ramaphosa declared himself in economic 'repair mode' at a major conference Friday as he sought billions of dollars from foreign investors to haul the country out of recession.

The former union leader, who inherited a mismanaged economy from the scandal-plagued Jacob Zuma earlier this year, wants $100 billion (Sh10 trillion) of new investments over the next five years.

Get Full Access for Ksh299/Week.
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in