The Infrastructure Projects Transforming South African Landscape
Inadequate infrastructure has been a binding constraint on growth in South Africa.
Photographer: Dwayne Senior/BloombergSouth African President Cyril Ramaphosa’s plans to turn the country into a giant construction site are gathering pace, with the government ramping up spending on roads, power plants, dams and ports.
The annual budget released in Cape Town on Wednesday allocates 1.07 trillion rand ($68 billion) toward the buildout over the next three fiscal years. State companies are projected to spend 445.5 billion rand, provincial administrations 217.8 billion rand and municipalities 205.7 billion rand, the Budget Review shows.