President Cyril Ramaphosa announced a significant R940 billion investment in infrastructure over the next five years during his State of the Nation Address. The government aims to secure an additional R100 billion in infrastructure financing through partnerships with international and local investors. R375 billion of the investment will be allocated to state-owned enterprises.
President Cyril Ramaphosa announced during the State of the Nation Address that the government will spend R940 billion on infrastructure
He said that R375 billion will be spent on state-owned companies, and added that the state is engaging investors to unlockR100 billion in funding Political analysts Professor Dirk Kotze and Professor Mlungisi Phakathi from the University of South Africa spoke to Briefly News about the investment and infrastructurecurrent affairs journalist in Johannesburg, South Africa, has covered policy changes, cabinet reshuffles, the State of the Nation Address, Parliament and Parliamentary committees, politician-related news and elections at Daily Sun and Vutivi Business News for over seven years.
"This is part of the nine components of Ramaphosa's post-COVID development, something he promised soon after he became president in 2019. Every year he attended international conferences where he tried to mobilise capital from investors and it produced good results. It is also regarded as an important injection, specifically because infrastructures are such a key component of government," he said.
Professor Phakathi called on the government to invest in building infrastructure that would lift rural and underprivileged communities out of poverty. He said there should be a strong emphasis on local development.High Court to appeal a ruling that dismissed his attempt to remove Advocate Billy Downer as a prosecutor for his state capture case.Tebogo Mokwena is a Current Affairs Editor at Briefly News. He has a Diploma in Journalism from ALISON.
INFRASTRUCTURE INVESTMENT SOUTH AFRICA RAMAPHOSA ECONOMY
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