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South Africa faces a $2 trillion infrastructure investment gap by 2030
Seetao 2022-08-18 09:19
  • South Africa is accelerating economic recovery as Covid-19 situation improves
  • South Africa plans to allocate 100 billion rand in 2022 for infrastructure construction such as energy, roads and water resources
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According to a recent report by South African media, Dr. Hurbert Joynt, project manager of the South African Center of Excellence for Infrastructure, said that based on the existing investment model and the target of 30% of GDP by 2030, unless South Africa increases investment in infrastructure , South Africa's infrastructure investment gap will be 1.95 trillion yuan short of the ideal target of the National Development Plan (NDP).

Joynt said the infrastructure investment plan will increase and facilitate the growth of gross fixed capital formation. This is one of the reasons South Africa's Infrastructure Development is working with the Office of Infrastructure and Investment of the Presidential Palace to develop a national investment strategy. In terms of government spending, national, provincial, local governments, state-owned enterprises (SOEs) and public-private partnerships (PPPs) will have to contribute about R600 billion of existing spending. But "this part must also be increased to 1.6 trillion rand in the future". Editor / Xu Shengpeng


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