How South Africa’s R1 trillion infrastructure plan aims to transform the economy and job market

SOUTH Africa’s R1 trillion infrastructure plan could help give the economy the boost it urgently needs.

- NICOLA MAWSON

Finance Minister Enoch Godongwana said during the most recent budget speech that government's fiscal plan will direct more resources to infrastructure.

“We will ensure that our goal of public sector investment in infrastructure exceeds the R1 trillion mark over the next three years,” said Godongwana.

Michelle Green, credit analyst and chairman of the ESG Committee at Prescient Investment Management, said if this “bold ambition” is realised, it “will translate into a series of transformative projects”.

Green noted that these projects will be across energy, water, student housing, internet infrastructure and logistics hubs.

Godongwana told Parliament that government will push for private investment through public:private partnerships.