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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