The R10bn in initial funding set aside to kick-start the government’s long-awaited infrastructure fund, has not been touched despite the damage the Covid-19 crisis has had on the state’s finances, according to Treasury director-general Dondo Mogajane

Though the crisis necessitated extensive reprioritisation of government spending in the recent supplementary budget, the money will be available to the fund — which is aimed at funding and co-financing blended finance programmes and projects, and promoting private sector partnerships in developments.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now