Key investments include ArcelorMittal reopening steel plants, Qatar Airways buying a stake in Airlink, and Anglo American's iron-ore investment.

Despite the optimism and market rally, challenges like high unemployment, crime, and unsustainable government debt remain, necessitating concrete actions to sustain the positive momentum.

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The formation of South Africa’s business-friendly coalition government has triggered a wave of investment announcements and positive sentiment not seen in years, spurring hope that Africa’s biggest economy may finally be finding its footing after a lost decade-and-a-half.

Within days of the coalition agreement in early July, ArcelorMittal reversed a decision to shutter two steel plants that support 80 000 jobs. Soon after, Qatar Airways bought a stake in South African airline Airlink. A $70 million auto-parts facility to supply Toyota, which just three years ago said it might leave the country, has since opened and Anglo American announced a $625 million iron-ore investment.

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