SA will be hard pressed to realise its ambitions of attracting R1-trillion of private investment in infrastructure if its past record is anything to go by.
“Capital expenditure replacement rates continue to fall well short of what is required to spur a meaningful growth recovery through the fixed-investment channel,” says Jeffrey Schultz, an economist at BNP Paribas SA. Ramaphosa hosted conferences in 2018 and 2019 in a bid to drum up investment that secured R664bn in spending pledges from private and state-owned companies. Data collated by his office shows about a quarter of the money has already been spent.
'Will Ramaphosa's track record scupper SA's investment drive?'. You're welcome.
This man has failed he must allow Mabuza to run this country
What 'track record' ?