Government’s Infrastructure Fund is set to receive a R100 billion over the next decade as the state steps up its infrastructure programme by partnering with the private sector.

National Treasury has revised down the South African economy’s growth to 1.5% in 2019.

South Africa’s growth outlook has been revised downwards to 0.7% in 2018, said National Treasury on Wednesday.

South Africa is likely to exit its technical recession in the third quarter, the Bureau of Economic Research (BER) said on Tuesday.

In line with the National Development Plan, investment in infrastructure remains a policy priority with public-sector infrastructure investment plans totalling R987.4 billion over the medium term.

Government is considering introducing a new long-term multiple-entry visa to boost tourism.

Government is working hard to promote greater private sector investment in a range of sectors.

South Africa’s economy has been revised down to grow at a rate of 0.5% in 2016, National Treasury said on Wednesday.

Finance Minister Pravin Gordhan says National Treasury will take a measured consolidation approach in order to create conditions that will set the country on a path of rapid economic growth.