Deputy President Cyril Ramaphosa says the country has landed a number of investment opportunities, at a press conference in Davos in Switzwerland.
Ramaphosa attended the World Economic Forum Davos with his ministerial delegation.
He's expressed confidence in investors eagerness to do business with the country, but he says corruption and the mismanagement of state-owned enterprises may be a repellent.
The newly elected ANC president also touched on a variety of topic at the conference including the nuclear power prospects.
South Africa's nuclear plans have been shrouded in controversy, with local activists and the media raising concerns about transparency, costs, safety and environmental risks.
Ramaphosa said "We have excess power right now and we have no money to go for major nuclear plant building."
The deputy president also said the country needs to deal with any regulatory issues that potential investors have raised, including the Mining Charter.
“The Mining Charter is now going to be thoroughly discussed with key role players so that we find a solution to unlock our mining industry for South Africa to benefit from this boom. If the Mining Charter is holding us back, then we must deal with it.”