Targeted process reforms needed to enable infrastructure development to lead SA’s economic revival
A post-lockdown infrastructure-led economic recovery for SA means bringing forward public and private infrastructure spend that would otherwise take place over the long term, to start supporting GDP growth in the medium term.
There is consensus across social partners on what socioeconomic challenges we face and what needs to be done to resolve them. Frankly, these challenges and solutions have not changed since the days of Madiba’s presidency. Public sector infrastructure underspending worsened from about R24bn in 2017/2018 year to R70bn in 2019/2020, before improving to R40bn in 2020/2201. It also shows up in the pace of approving and allocating public capital budgets and project preparation funds to qualifying infrastructure projects.
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