Macro
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
Reading this article requires
3 Minute

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


Comment

Related articles

Macro

Water conservancy construction welcomes the 'golden decade'

11-10

Macro

Saudi Arabia's $5 billion energy storage market welcomes explosive growth

11-07

Macro

New Energy Shipbuilding Industry collaborates with nine agents to expand the market

11-07

Macro

National Energy Administration: New Energy Enters the Hydrogen Alcohol Era

11-06

Macro

The underlying driving force behind the expansion of energy storage cell production

11-05

Macro

Wind power approval reaches a new high! Exceeding 121GW by October 2025

11-05

Collect
Comment
Share

Retrieve password

Get verification code
Sure