Infrastructure development remains a key driver for SA economy

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Infrastructure development is a key driver of South Africa’s growth prospects, with rail and water infrastructure focal areas.

This is according to Ebrahim Patel, South African Economic Development Minister, who is in Davos for the World Economic Forum (WEF), as part of the South African delegation looking to showcase the country’s attractiveness as an investment destination and trade partner.

“We are putting a lot of money into our infrastructure build programme, it is averaging about ZAR300 billion a year and has seen us move out of an energy shortage into an energy surplus, but we still have very significant infrastructure investment we have to make, in rail, with the commuter story, freight logistics to move minerals more quickly, and water which is exacerbated by the drought.”

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