Planned capital investment in South Africa surged last year as private commitments tripled, while government projects excluding state companies declined, according to a report by Nedbank Group Ltd.
The value of newly announced plans climbed 16% to R705.6 billion ($44 billion), the lender said in its Capital Expenditure Project Listing report released Monday.
Private firms committed to investing R382.5 billion, up from R116.2 billion in 2024.
Major initiatives included Vodacom Group Ltd’s R85.2 billion expansion and modernisation of digital infrastructure through network upgrades and an accelerated 5G rollout, as well as NT55 Investments’ planned R50 billion inland port in the central Gauteng province, which is designed to ease freight bottlenecks by creating car and rail terminals with train-to-truck transfers, the lender said.
“The rise in private-sector project announcements is reflective of a better cyclical environment,” Nedbank said.
A 12% increase in the value of planned projects by state companies also
You’ve reached your free article limit
Subscribe to enjoy unlimited access to trusted journalism. Cancel anytime.
Subscribe nowNeed help? molokom@insidepolitic.co.za
