SKHUMBUZO MACOZOMA: Sanral aims to stem construction and engineering slide with investment
Most tender issues have been resolved and projects in the pipeline will contribute to growing the economy
The decision by the SA National Roads Agency (Sanral) to ramp up its investment in road infrastructure through an allocation of R70bn over the medium term will help to alleviate the decline in the important construction and engineering sectors. We share the concerns expressed recently by Business Day that an industry that was once a key driver of employment has been in steady decline since the start of the decade (“Government Has a Crucial Part To Play In Saving the Construction Industry”, March 13). However, we also share the sense of guarded optimism that accompanied the announcement by President Cyril Ramaphosa earlier in 2019 that the government will contribute about R100bn over 10 years to the infrastructure fund and use this to leverage further investments from development finance institutions and the private sector. Finance minister Tito Mboweni took this approach a few steps further by clearly stating that the state is shifting its priorities towards infrastructure investme...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.