State is on right track involving private sector in infrastructure plans
In a world in which governments and central banks have several means available to stimulate the economy, infrastructure spend is a powerful anti-recessionary fiscal policy tool.
However, in SA economic growth has been constrained by lower levels of investment in infrastructure than in other developing economies, which has been worsened by specific issues such as ageing infrastructure and infrastructure bottlenecks. The Covid-19 crisis and the fiscal support needed to alleviate the damage done to businesses and the most vulnerable citizens as a result of the lockdown could also put the government’s future infrastructure ambitions at risk...
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