South Africa Must Invest $11 Billion to Lift Growth, Researchers Say
- Transport, water, power and governance fixes key to growth
- Infrastructure reforms could boost growth to 3.3% in 2025
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South Africa must invest 200 billion rand ($11 billion) to revive its frayed railways, half that amount again to upgrade water infrastructure, and tackle bottlenecks in both electricity and governance to achieve an economic growth target above 3% a year.
That’s according to the Bureau of Economic Research at Stellenbosch University, which warned that without this spending, the economy will remained stuck in low gear.