He chaired the Inter-Ministerial Committee set up by President Cyril Ramaphosa for the Investment Conference held in October 2018. The Conference was the turning point of a new social compact between government and investors, leading to pledges of R300 billion by a group of South African and international investors. Subsequently, South African Reserve Bank data showed that foreign direct investment during 2018 grew substantially, with R71 billion net FDI flows into South Africa, the highest in five years.
