The draft National Infrastructure Plan 2050 indicates that business will play a crucial part in rolling out infrastructure investment
As the custodian of pension fund savings, the asset management industry has the ability to make a significant positive impact in SA. A sorely needed economic recovery can be sparked by allocating capital to infrastructure projects that will benefit current and future generations.
The sectors identified in the plan — energy, freight transport, water and communication — are also those identified as priorities by the private sector, so there is an alignment we must capitalise on. The plan suggests that SA needs to spend R6.4-trillion on energy, water, transport and communications projects by 2050. It says a third — more than R2-trillion — of the capital would need to come from the private sector. This will require a healthy relationship between the public and private sectors. projects there will be a 30% increase in energy demand by 2050. This means installed capacity will need to more than double, from about 50GW now to more than 100GW by 2050.
Transnet recently announced that it would embark on 10 strategic private sector participation projects in line with this sentiment. There seems to be real urgency as they plan to initiate three of these projects within this financial year.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tech crackdown not aimed at stifling private sector, China saysSteps intended to boost regulations and improve data privacy as well as national security, Wall Street executives told
Read more »
Becalmed wind energy sector has UK turning to coalLack of windy weather over the past two weeks has cut output from 11,000 turbines, which account for more than 20% of power generation
Read more »
Becalmed wind energy sector has UK turning to coalLack of windy weather over the past two weeks has cut output from 11,000 turbines, which account for more than 20% of power generation
Read more »
Private jail probed for claiming millions in Covid-19 relief funds | CitypressThe managers of the private prison, Kutama Sinthumule Correctional Centre, in Limpopo, are under investigation for allegedly claiming more than R6.2 million in Covid-19 funds in the names of former employees.
Read more »
SuperSport barely raise a sweat as they comfortably clip flightless Swallows' wingsSupersport United barely raised a sweat as they made light work of a hapless Swallows FC to win this Dstv premiership match comfortably at Dobsonville stadium on Sunday afternoon.
Read more »
Music industry problems still rising | CitypressLawyer Nhlanhla Sibisi is in more hot water as legal challenges pile up, exposing the disarray in the country’s entertainment sector.
Read more »