STUART THEOBALD: Policy digs us into a hole instead of helping SA mine private investment

We do a lot of talking about infrastructure investment, but less and less is actually happening. We spent 14% of GDP on gross fixed capital formation in the second quarter, a number made worse by the rebasing of GDP by Stats SA in August.

When broken down, it is clear that both private and public sectors are investing less. Public sector investment was just 3.9% of GDP while the private sector invested 10.1% of GDP. These figures have steadily declined since late 2008 when as a country we hit a democratic-era record 21% of GDP, 14.1% from the private sector and 6.8% from the public sector ...

Source: News Formal (newsformal.com)

Great article

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cosatu calls for SA’s mining sector to be shut down over centralised bargainingThe bosses ‘are playing golf in Mauritius, in Dubai, in different countries, while we are working in the mines, and not getting anything’ Another kick in the seat for South Africa's 'profile' with other countries...... these guys love to turn away investment in our country and are asking for more as more people become unemployed...... selfish to the extreme..... but hey this 'is' the new South Africa ne? 🇿🇦😠🇿🇦 Sounds like a good plan. The one sector that kept south africa afloat during covid. You go!!!!!
Source: BDliveSA - 🏆 12. / 63 Read more »

SA to receive R134m Covid-19 relief from US government to bolster vaccine driveSouth Africa is set to receive approximately R134 million from the United States government to help strengthen vaccination drives in the country. It’s going to disappear into thin air. 🤣🤣 🤦
Source: IOL - 🏆 46. / 51 Read more »

The UK owes us an explanation for putting SA on the red listWe were more at threat from Britain and its people, than it ever was from us – but we never imposed punitive quarantines. It's their country, they awe nobody an explanation You want to start making noise because it’s being removed? I mean now really. When you want to nominate Cuban slave labour for a Nobel Prize, the world listens, and wonders what is really going on. Ramapromise does not trust our medical people. CyrilRamaphosa VoetsekANC
Source: IOL - 🏆 46. / 51 Read more »

Infrastructure backlog so immense that SA needs private sector contribution, Ramaphosa says | Fin24President Ramaphosa has said that even if government spends all it can on infrastructure development, the backlog remains so immense that it would take billions of rands and decades more to fill it without a contribution from the private sector. | Fin24 Fin24 How much of your billions to contribute Fin24 Oscar Mabuyanye portray exactly what Ramaphosa is capable of. Fin24 The problem is that not much of that money would go to the actual infrastructure.
Source: News24 - 🏆 4. / 80 Read more »

Google earmarks US$1bn for digital transformation in AfricaGoogle CEO Sundar Pichai has announced a US$1-billion investment in Africa over five years covering a range of initiatives, such as improving connectivity and investing in start-ups.
Source: IOL - 🏆 46. / 51 Read more »

Mark Cutifani hints at exit in 2022 as Anglo considers successionCEO says board is thinking about succession as flagship mine in Peru heads for lift-off
Source: BDliveSA - 🏆 12. / 63 Read more »