By Akani Nkuna
President Cyril Ramaphosa said on Tuesday that South Africa was entering the biggest infrastructure build in its history, with more than R1 trillion budgeted over the next three years to modernise and expand public infrastructure.
Infrastructure is the flywheel that propels growth. It boosts productivity and trade and reduces the cost of doing business. It creates immediate and meaningful employment — at scale,” Ramaphosa said at the 6th South Africa Investment Conference in Sandton.
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“Over the next three years the state will be investing more than R1 trillion or approximately USD 58 billion in modernising and expanding public infrastructure across South Africa.”
He said this included “R940 billion in planned infrastructure spending, of which R375 billion has been allocated to state-owned companies to support maintenance, upgrades and expansion”.
Setting out some of
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