Pandemic amplifies SA’s fixed investment slide — Nedbank
Value of investment projects slide to R66.2bn in 2020, the lowest since 2004, according to the bank’s capital expenditure project listing
02 February 2021 - 19:46
The number of large investment projects in SA’s economy fell to the lowest levels in more than two decades during 2020, as the coronavirus worsened a trend of shrinking capital expenditure by both private firms and government, according to research from Nedbank.
The advent of the pandemic in SA — already beset by investment deterrents such as an unreliable electricity supply and policy uncertainty — had a devastating effect on investment plans in 2020, according to the bank’s latest capital expenditure project listing report, which measures any projects over R20m. ..
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