EDITORIAL: Oh, so now you need the private sector ...
Has the government woken up too late?
And so, President Cyril Ramaphosa’s "new deal" got its first public launch this week, as he sketched out his argument for why infrastructure investment presents SA’s best chance of escaping a grim economic trajectory.This was the right place to do it too, at the podium of the inaugural Sustainable Infrastructure Development Symposium of SA, in front of hundreds of (virtual) pension fund trustees and potential investors. If Ramaphosa was selling a dream, this was the place to do it.Covid-19, he said, "has made infrastructure investment even more compelling, even more important and even more urgent — that is why we have placed infrastructure at the centre of the stimulus our economy needs to achieve a sustainable recovery".And, if you forget the fact that we’ve heard these sorts of rousing speeches before, Ramaphosa made a compelling case.He spoke passionately of the infrastructure projects in areas like energy, health care, water, transport and technology — many of which he said are ...
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