The infrastructure fund, seen as key to the government’s economic recovery plans, has been allocated R18bn over the next three years, of the R100bn the government has said it will allocate over the next 10 years.

Overall, over the next three years, government infrastructure plans, including those of state-owned enterprises (SOEs) amount to R791.1bn. An overriding objective of budget policy is to shift the balance between investment and consumption spending. Over the medium term, expenditure for capital assets grows by 12.5% while that for other categories — payments to employees and goods and services, for example — grows much more slowly at a rate of 4.7%...

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 articles from our international business news partners; 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