276 infrastructure projects announced by SA government
As part of the COVID-19 stimulus programme, the South African presidency has identified the country’s priority infrastructure projects, part of a R2.3 trillion ($138 billion) private investment programme over the next decade.
The Presidential Infrastructure Coordinating Commission Council issued a list of projects across the water sector, energy, roads, housing and even aquaculture.
As the levels of debt in South Africa continue to grow, especially in the wake of the COVID-19 pandemic – government is now seeking funds from development finance institutions, multilateral institutions and private pension funds.
President Cyril Ramaphosa as announced that a total 276 projects have been earmarked for potential investment.
According to iol.co.za however, many of the projects have been planned for years and are fraught with problems.
“The gazetting of the list is welcome but seems to lack any detail at all and we still await a policy statement,” said Peter Attard Montalto, the head of capital markets research at Intellidex.