The number of large investment projects in SA’s economy fell to the lowest levels in more than two decades during 2020, as the coronavirus worsened a trend of shrinking capital expenditure by both private firms and government, according to research from Nedbank.
The advent of the pandemic in SA — already beset by investment deterrents such as an unreliable electricity supply and policy uncertainty — had a devastating effect on investment plans in 2020, according to the bank’s latest capital expenditure project listing report, which measures any projects over R20m. ..
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: