KEVIN LINGS: Infrastructure plans should be trimmed for credibility’s sake
With a list of 55 schemes, the initiative runs the risk of once again overpromising and underdelivering
The past six months have been extremely challenging for South Africans and the domestic economy. Covid-19 and the subsequent extended lockdown have disrupted every major component of the country. This has resulted in a contraction of economic activity, a surge in government debt and a sharp rise in unemployment.
It heightened the need to improve SA’s economic growth rate sustainably. The focus to achieve this has been on infrastructural development as a key driver of growth. This focus is fuelled by record low levels of consumer and business confidence within the private sector and the government’s desire to remain at the centre of economic development, as well as recent policy pronouncements from the government and the ANC...
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