The recent meeting of the Brics (Brazil, Russia, India, China and South Africa) group of nations and announcement of Transnet’s annual financial results have brought to the stage two issues that need interrogation around effective infrastructure investment planning and the short- and long-term pathways embedded in the decisions being made.
The Brics meeting not only explored a deepening of the “global south” sovereign relationships and co-operation but also interrogated the role of New Development Bank (NDB) in providing cheaper forms of locally-denominated streams of funding; this only a week before Transnet released a mixed set of results which highlighted the need for a more structured pathway for investment planning for the integrated transport utility...
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