Wednesday, 31 July 2013 18:15

Government injects R202bn into economy

Over R200 billion has been injected into the economy by the South African government last year, Statistics South Africa (Stats SA) said on Wednesday

The City of Johannesburg is to spend about R30 billion on infrastructure developments and service delivery in the next three years, says Johannesburg Mayor Parks Tau.

Johannesburg is to increase its spending on the provision of new infrastructure over the next 10 years. It has increased it’s current budget of R4,6 billion to R7,3 bn for 2013/14.

Thursday, 28 February 2013 07:00

South Africa to spend R827bn on infrastructure

Financing of R827 billion on infrastructure projects over the next three years, to be drawn from the fiscus and state-owned enterprises, is in place

President Jacob Zuma has in his State of the Nation Address on Thursday highlighted various infrastructure projects that have already kicked off and also announced several new measures to speed up land reform.

Transit Orientated Development (TOD) is an urban design method of linking transit infrastructure to property development in a sustainable way.

Artisan training institutes and South African corporates in general need to seize the opportunity presented by the government’s large capital infrastructure investments worth more than R1-trillion in the next decade by ensuring that enough artisans are trained to meet this “groundswell of practical work” that will be required, said Sean Jones, a director of black-owned artisan training academy, Artisan Training Institute (ATI).

Government is exploring options aimed at boosting infrastructure funding through enhancing the role of the country’s development finance institutions and by mobilising private-sector capacity, the Minister of Finance Pravin Gordhan said on Thursday.

Details on government's planned infrastructure development, South Africa's credit rating and growth forecast are some of the issues business hopes to gain clarity on when Finance Minister Pravin Gordhan tables the 2012 Medium-Term Budget Policy Statement (MTBPS) tomorrow.

SOUTH Africa will spend R4-trillion on infrastructure over the next 15 years, as part of its broad plan to boost economic development and growth, President Jacob Zuma said on Friday.

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