News

Saudi King Agrees to Invest $10BN in South Africa.

President Cyril Ramaphosa is currently on a three country tour for the purpose of meeting with prominent global leaders and securing investments for South Africa. The second country Ramaphosa visited was Saudi Arabia, where he met with King Salman bin Abdulaziz Al-Saud.

The King agreed to invest $10BN of his country’s money into South Africa in order to create more energy and power. King Salmon’s investment will make up 10% of the $100BN in foreign investments to South Africa that Ramaphosa has promised to secure by 2023.

 

By: Mikayla Tetreault, Staff Writer