SA needs to invest R6-trillion in infrastructure by 2040, says G-20 report
SA needs to invest R6-trillion ($464bn) by 2040 in the water and electricity sectors to plug its infrastructure investment gap and address economic and population growth between now and 2040. This was revealed in a Group of 20 Global Infrastructure Hub (GI Hub) report‚ covering infrastructure investment needs globally and individually for 50 countries and seven sectors. It means the country has to fast-track its efforts to create a conducive environment to attract investment‚ otherwise it will not be able to meet its UN Sustainable Development Goals (SDGs). Between now and 2040‚ the country’s GDP is predicted to increase by 40% as its population increases by only 16%. This target‚ according to economist Dawie Roodt‚ is a wake-up call to government to accelerate its efforts to woo the private sector so that it feels safe and secure to invest. "Without a doubt, the government is not doing enough [to ensure the country meets its infrastructure investment goals] … a very clear and simpl...
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