Plans to speed up SA's infrastructure development
Updated | By Troye Lund
President Jacob Zuma says economic growth depends on fast-tracking government's R1-trillion infrastructure plan.
He has today announced that his Presidential Infrastructure Co-ordinating Council which was established in 2011 to expedite infrastructure plans, has adopted a new focus of urgency.
Three months ago President Jacob Zuma insisted that South Africa’s economy was doing very well.
By August he had admitted that the economy was in trouble and yesterday he conceded that the economy is facing renewed headwinds, caused mainly by a decline in the prices of mineral products that South Africa exports.
He says the only way to make the economy more resilient is to improve and expand all infrastructure from roads, hospitals and electricity plants to water infrastructure.
He has stressed that projects have to be delivered on time and in budget. Business has welcomed the move but remains sceptical as this is a promise that’s been made before.
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