South Africa will have an infrastructure investment gap of R4.8 trillion by 2030 from the aspirational target in the National Development Plan unless the country increases its investment in infrastructure.
This was followed in October 2021 by the government unveiling a pipeline of 55 new catalytic infrastructure projects from various sectors valued at about R595 billion that it estimated would create 538 500 employment opportunities. “So it’s quite a daunting task ahead but that is one of the reasons why Infrastructure South Africa, together with the Infrastructure and Investment Office in the Presidency, also developed the Country Investment Strategy to ensure that we do attract additional infrastructure and other investment to the country.”
He said there are small signs of gross fixed capital formation growth, especially in 2022 , warning that substantial investment will however be required to meet the aspirational targets of the country. Head of Infrastructure and Investment in the Presidency Dr Kgosientsho Ramokgopa stressed that his office is not the principal custodian of the planned infrastructure investment projects.
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