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 is according to Dr Hurbert Joynt, programme manager for Infrastructure South Africa’s Centre for Excellence, who reiterated that the aspirational target in the NDP is for gross fixed capital formation to comprise 30% of GDP by 2030.
Public infrastructure purse Joynt said it is clear from the Medium Term Expenditure Framework and allocation of budgets that local and provincial governments, as well as SOEs, sit with the bulk of the public infrastructure purse. Going forward in terms of MTEF estimates, it is also clear that this expenditure will definitely increase “as we look towards the next three years in the MTEF”.
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