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The government is poised to announce new measures aimed at accelerating investment in South Africa’s infrastructure sector, with the goal of stimulating economic growth and creating jobs.
Public Works and Infrastructure Minister Dean Macpherson, alongside Acting Head of Infrastructure South Africa (ISA), Mameetse Masemola, will outline the next steps in Johannesburg today.
According to international research from institutions like the World Bank, McKinsey Global Institute, and the International Monetary Fund (IMF), increasing infrastructure investment by just 1% can lead to economic growth of between 0.4% and 3%. This is a target the Minister is determined to reach, the Department of Public Works and Infrastructure noted.
The announcement will also introduce an innovative approach that Infrastructure SA is adopting to drive investment, detail the current infrastructure project pipeline, and expand ISA’s role in transforming South Africa into a dynamic construction hub
