We have made infrastructure the cornerstone of our economic recovery and reconstruction plan because of its multiplier effect in restoring economic growth, creating new jobs and protecting livelihoods.
This will lead to the resuscitation of the supply side, expand manufacturing capacity and create much-needed jobs. In the South African context, investment by government in general between 2014 and last year is down by 0.8% on average in real terms and down by 4.9% on average with state-owned enterprises .South Africa recorded its third consecutive year of decreasing capital expenditure as infrastructure spending fell 7.6% from R250 billion in 2018 to R231 billion last year.
These include 15 transport projects valued at R47 billion, 11 water and sanitation projects valued at R106 billion and 18 housing developments worth R138 billion that will produce more than 190 000 houses. About 769 500 jobs will be created by immediate projects and, over the longer term, we project more than 1.6 million job opportunities.
Which one? Have you seen the state of it lately? M1 has potholes
this is not news - it is an unpaid advertorial... you should label it as such ....
Lalaland
Ah still they will hire foreigners or their families then other SAn citizens will still suffer😒 In SA it's either you are a foreigner and they pay you so little or you are connected to people
ahhh, you made a funny.
I presume they are looking at our pensions to fund their vanity projects ... so 1st they use our pensions then they increase taxes to actually try & repay the pension funds ... it is a financial death spiral as tax income is already declining
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