A new cloud of uncertainty hangs over the rollout of the government’s multibillion-rand infrastructure investment programme. Economist Dr Roelof Botha said an advisory notice sent by National Treasury to organs of state about the invalidity of 2017 regulations published in terms of the Preferential Procurement Policy Framework Act poses “a huge risk” to construction activity.
Government’s R595bn second tranche of infrastructure projects seen as ‘pie in the sky’ National Treasury last week published draft Preferential Procurement Regulations for public comment, with a closing date of April 11. Meanwhile, confidence in the building sector increased in the first quarter of 2022 to its highest level since early 2018.
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