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Godongwana highlights boosting infrastructure investment for higher growth in MTBPS

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Finance Minister Enoch Godongwana says a raft of reforms are in the pipeline to encourage greater private sector participation in infrastructure development.

CAPE TOWN - Boosting infrastructure investment to stimulate economic activity and enable higher growth over the medium term – is a key focus of the Medium-Term Budget Policy Statement that the Finance Minister tabled in Parliament on Wednesday.

While the National Treasury says it doesn’t have an investment target in mind, it’s making a concerted effort to increase the pool of funders to diversify public infrastructure financing.Godongwana says he’s been inspired by his predecessor Tito Mboweni, who in one of his last interviews before his death earlier this month, spoke of the next few years being defined as the “infrastructure years”.

Godongwana says regulations will be introduced soon to simplify public-private partnership requirements.

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