Will SA’s track record scupper Cyril Ramaphosa’s investment drive?

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The government has been dismal at delivering infrastructure on budget and on time, says an economist

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.

 

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This man has failed he must allow Mabuza to run this country

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