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Nedbank slams state on infrastructure

Aug 02 2012 08:54 Sapa

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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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nedbank  |  economy  |  infrastructure
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