Business Leadership South Africa (BLSA) launched a report on solutions to boosting infrastructure investment to drive the economic recovery. The report was commissioned by BLSA to support government’s efforts to drive infrastructure investment.
The report notes South Africa is behind the National Development Plan’s goals for infrastructure spending to be at 30% of GDP. Infrastructure spending has gone in the wroing direction, falling to 17.95 of GDP in 2019 from 20.3% 2015.
BLSA CEO Busi Mavuso says the private sector is the only social partner in the country that has the capability to drive infrastructure towards the 30% target.
She says because of government’s fiscal constraints including that of SOE debt, we should be driving the public, private partnership (PPP) model and look at how government can leverage the balance sheet of the private sector to accelerate infrastructure development.
For more watch below: