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ANC looks to fund R350bn infrastructure programme from multilateral lenders

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SA may need about R1.7-trillion to recover and will push for ‘massive infrastructure spending within labour-intensive sectors’

SA is seeking investments from multilateral lenders, commercial banks and pension funds in what a senior ANC official said will be a more than R350bn infrastructure programme.

“We have now generated a project pipeline,” Kgosientso Ramokgopa, head of the investment and infrastructure office in the presidency, said in an interview on PowerFM radio station. “We are not looking at getting money from the fiscus.” Ramokgopa said the programme will create a “huge number” of jobs. He didn’t give details of which funders have been approached or what projects are under consideration. The cabinet discussed them on Wednesday, he said.

 

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I see we are still talking big... I expect poor result both in terms of growing the economy and job creation

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