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The role of private finance in infrastructure development in South Africa – A critical assessment

The role of private finance in infrastructure development in South Africa - A critical assessment

This paper assesses South Africa’s massive infrastructure drive to revive growth and increase employment. This comes after years of stagnant growth, and now facing a deep economic crisis, exacerbated by the COVID-19 pandemic. This drive also comes after years of weak infrastructure investment, widening the infrastructure deficit. in the inequalities in infrastructure provisioning are particularly stark in communities where socio-economic conditions are characterised by over-crowding, deep levels of poverty and inadequate access to basic public services such as water and sanitation. The Economic Response and Recovery Plan (ERRP), the economic response plan to COVID-19, outlines a R1 trillion investment drive, primarily from the private sector through an Infrastructure Fund over the next 10 years.1 It is envisaged that this Fund will finance large infrastructure projects that will incentivise private finance by de-risking infrastructure investments.

It's was all smiles @REFAFestival student convenings, signing off the festival on a high note: engaging with & embracing all our different university chapters across the country. And yes! we will continue to spread the movement to every community in Africa & beyond!ūüėĀ

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