HILARY JOFFE: Godongwana’s trillion-rand question
National infrastructure plans are impressive but budgeting does not amount to execution
21 May 2025 - 05:00
UPDATED 21 May 2025 - 09:52
The budget would commit a lot of money to infrastructure, President Cyril Ramaphosa said at the recent launch of the second phase of Operation Vulindlela. “For the first time in many, many years, we are now going to be able to spend up to a trillion rand on infrastructure over the medium term,” he said. “It’s a budget that will make us look forward.”
It was a pointer to the way finance minister Enoch Godongwana’s Budget 3.0 might be framed today. Whatever the compromises that have gone into cobbling together the numbers, the narrative is likely to be one of reforms for growth and investment...
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