The private sector announced plans to spend more last year, increasing its investment 59% to R193.6 billion, the data show. Most of the biggest projects were announced in the first half of the year, the economists said.
"Excluding those mega projects, total project announcements amounted to around R60 billion, suggesting hesitancy among businesses to commit to large capital expenditure given weak business confidence," the economists said.
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_Business Hey those social grants is expensive.
_Business Another broken ANC promise
_Business Yep and we remember being told by a certain person that billions was going to be pumped into our economy except it wasnt confirmed at all. Pledges are not confirmation.