The Minister of Public Works and Infrastructure, Sihle Zikalala, said South Africa has a strong core network of national economic infrastructure, yet investment in infrastructure has lagged over the past ten years.
‘In addition to reviving the construction sector, a significant infrastructure push will support local manufacturing and other related sectors across the value chain.
"As the Department, we welcome the post-COVID-19 improvement in property investment in the country, which has improved from almost R2.8-trillion post-COVID-19 for the residential industry to R6.7-trillion." Hon. Zikalala
Implementation of strategic infrastructure projects in the country
The Department of Public Works and Infrastructure confirmed that since the announcement of the infrastructure projects in 2020, some great strides can be reported, with a number of projects completed to the value of approximately R4.63-billion.
"Projects completed were mostly covered within the Transport (including the Small Harbours in the Western Cape) and Social Housing Programmes." Five out of twelve SANRAL gazetted projects and four social housing projects were completed," the department said.
READ THE FULL ARTICLE AND FIND OUT MORE IN THE 13TH EDITION OF TOP 500