President Cyril Ramaphosa announced a R940 billion infrastructure spending plan over the next three years, aiming to revitalize roads, bridges, ports, airports, and power the economy. The funding includes R375 billion from state-owned companies. Experts emphasize the need for transparent allocation and accountability to ensure the success of this investment.
Last year, Public Works and Infrastructure Minister Dean Macpherson conducted an oversight visit at uMngeni-uThukela Water’s Lower uMkhomazi Bulk Water Supply Scheme. | Doctor Ngcobo / Independent NewspapersMore details on the R940 billion to be spent on infrastructure over the next three years will likely be known when Finance Minister Enoch Godongwana delivers his Budget Speech later this month.
President Cyril Ramaphosa delivers the State of the Nation Address 2025 from Cape Town City Hall. | Henk Kruger / Independent Newspapers He further said that it is important to spend money on infrastructure but Ramaphosa also spoke about State Capture and other kinds of capture. Momentum Group Youth Employment Portfolio head Nkosinathi Mahlangu said the R940 billion infrastructure investment is a major opportunity, but it must be ring-fenced to benefit unemployed South Africans, with at least a 60/40 split prioritising youth employment.
Politics INFRASTRUCTURE SOUTH AFRICA ECONOMY BUDGET PRESIDENT RAMAPHOSA
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