Capital expenditure by public sector institutions has grow steadily despite SA’s economic challenges‚ Statistician-General Pali Lehohla said on Wednesday. "In terms of what the vision for SA is‚ we have the National Development Plan and what we need to do is test our spending against the goals of the NDP," Lehohla said. "While the economy has not been doing terribly well and is in recession‚ capex has been increasing steadily over a period of time‚" he told a briefing in Tshwane‚ according to a government statement. Lehohla was speaking at the Statistics SA release on its Capital Expenditure by the Public Sector 2016 report‚ which showed that total capital expenditure by public sector institutions increased R19bn from R265bn in 2015 to R284bn in 2016. Capital expenditure increased on new construction works‚ land and existing buildings‚ transport equipment and "other" fixed assets. It decreased on plant‚ machinery and equipment, as well as leased assets and investment property. The 2...
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