PREMIUM!

Big money for infrastructure projects may tempt looters

Editorials 3 weeks ago

Asset managers in the private sector have been told by government that it is looking at investments of at least R1.5 trillion.


19 Jun 2020
PREMIUM!
Big money for infrastructure projects may tempt looters

Construction at Lanseria Airport, 27 February 2020. Picture: Nigel Sibanda

A measure which helped pull the United States out of the ruinous Great Depression in the ’30s was the “New Deal” programme of President Franklin D Roosevelt. Its key pillars were relief, reform and recovery. In essence, this seems to be what our government is proposing as a way out of an equally serious economic disaster for South Africa because of the coronavirus pandemic. Next week, President Cyril Ramaphosa is expected to announce a range of infrastructure projects in water and sanitation, energy and digital infrastructure. The programme is the biggest drive yet by government to attract private investment into...

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