Ramaphosa is on an aggressive plan to woo investors to deal with high unemployment rates and deepening poverty. : South Africa imports an estimated 47% of its oil from Saudi Arabia, and Pretoria regards the country as a strategic partner in the Middle East. (Reuters/Simon Dawson) President Cyril Ramaphosa’s ambitious plan to attract $100-billion to kick start the country’s struggling economy got a major boost on Thursday, when Saudi Arabia committed to invest $10-billion (about R133-billion) in the country. This is expected to be invested in the energy and power creation sectors.