• 10 tips to find bargains

    Susan Erasmus gives advice on how bargain hunters can get the most bang for their buck.

  • Inside Labour

    Labour's bitter breaches need to be seen in historical context, says Terry Bell.

  • Rich getting richer

    Economists differ on how to tackle the chasm between rich and poor, says Leopold Scholtz.

See More

State spends trillions on infrastructure

Jul 04 2013 15:32 Sapa


Related Articles

Joburg gets R30bn for infrastructure

Govt to boost R827bn infrastructure plan

Minister: Infrastructure is a priority

SA, Algeria set to accelerate trade

BP plans R5bn boost for SA infrastructure

SA needs toll roads, says minister

Johannesburg - The Economic Development Minister Ebrahim Patel, says the Zuma administration is “on course” to break the R1 trillion spending barrier before the end of its administration.

Patel was referring to a meeting of the Presidential Infrastructure Co-ordinating Commission and went on to say: "Infrastructure is the kind of thing that if you don't plan now for the next 30 years, and each year you are simply trying to catch up, then you will not be capable of launching your major programmes," he said.

"This is an attempt to break beyond one electoral cycle and plant the seeds of long-term growth and prosperity.

"By the end of March next year, over the five-year period, the administration would have managed projects across the three spheres of government where spending... would be in the order of a R1 trillion," Patel said.

"That is double the amount of money that was spent in the previous five years."

He said under-spending in municipalities had also been discussed, as had the lag in implementation on that level of government for the first part of the financial year.

"We've been asked us to put together a piece of work to change the model so that we have more effective implementation," Patel said.

"This means looking at multi-year capital budgets."

He said innovative and "alternative" building technologies were being considered.

This entailed using new building materials which would reduce the cost of building for social infrastructure, like schools.

He said the recent findings of the Competition Commission on collusion in the construction industry were also discussed.


Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

ebrahim patel  |  johannesburg  |  infrastructure


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Add your comment
Comment 0 characters remaining

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:


Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.

10 most expensive cars In the world

This is car porn at its best!


Luxury living

Seven of the most expensive children's toys ever made
5 millionaires turned murderers
The youngest billionaires in the world and how they made it
Watch: Flying first class has never been this luxurious!

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

How do you see your boss? He/sheis:

Previous results · Suggest a vote