Nedbank slams state on infrastructure
Johannesburg - A Nedbank economist has criticised government for its slow infrastructure plan "which does not help the economy one bit", Business Day reported on Thursday.
Nedbank economist Nicky Weimar said government-planned investment of R844bn for infrastructure in the coming years could boost markets but there was concern over its ability to spend it efficiently.
"Government has a five-year priority list and a 20-year (project) pipeline, which does not help the economy one bit," Weimar reportedly said.
The economist argued this made the private sector all the more important.
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