Fresh start for SA’s ailing economy with billions lined up for infrastructure projects

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Johannesburg – Tens of billions of rands have been secured for some of the infrastructure projects that the government has lined up to kickstart the economy out of the Covid-19-induced recession and grow jobs.

Dr. Kgosientso Ramokgopa, head of the President’s Investment and Infrastructure, said yesterday that there were276 package projects that could be taken up by local and foreign investors to bolster the economy.

Ramokhopa also said that the government was working with the private sector on the projects for more than five months.

He added that 88 of the projects were at a bankable stage and they have been conceptualised and had been tested in feasibility studies.

South Africa’s economic growth is buckling in the face of a global recession made worse by weak growth locally and the impact of the coronavirus on the economy.

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