n IMIESA - Taking a leap of faith : infrastructure funding
|Article Title||Taking a leap of faith : infrastructure funding|
|© Publisher:||3S Media (Pty) Ltd|
|Publication Date||Apr 2016|
|Pages||57 - 60|
PRAVIN GORDHAN COMING back as Minister of Finance brought hope to South Africa. Hope that was strengthened by his 2016 Budget Speech, in which he stated that R870 billion would be spent on infrastructure over the next three years. While this is a substantial amount of money, it is not nearly enough to meet South Africa's infrastructural needs, and, as we know from the fiscus, government will not be able to finance everything. As Gordhan said in Parliament, "We need to accelerate infrastructure investment in the period ahead. We must broaden the range and scope of our co-funding partnerships with private-sector investors. This requires an appropriate framework to govern concession agreements and associated debt and equity instruments, and appropriate regulation of the market structure."
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