Discover how public-private partnerships are set to revolutionise infrastructure development in KwaZulu-Natal, featuring insights from key stakeholders at the Build KZN Better conference.
Public Works Minister Dean Macpherson with Ithala properties executive Malusi Mthuli, and managing director of Willpower Consulting Shaun Scott during a panel discussion at the Build KZN Better Conference at the Durban ICC. Picture: Karen SinghA panel discussion at the Durban ICC on Tuesday during the Build KZN Better Conference brought to light the pivotal role that public-private partnerships could play in enhancing infrastructure development in KwaZulu-Natal .
“The net effect of getting these two things right is to be able to build confidence in the construction sector. The minister said the government is committed to working through issues. “I think that when sensible heads come together, we’ll be able to prevail and provide even more security to the business community.”
“In the past seven months, we’ve closed just over R100 billion worth of new business on the back of leaseholds, which is long-term leasing, and we are currently sitting on a pipeline of R600 million that we are hoping to convert and close within the next two or three months. Scott said in his research over the past 10 years, he has found that South Africa right now is one of the least regulated countries in the world when it comes to public procurement. This will change with the Public Procurement Act that has been enacted.
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