All data is delayed
See More

Nedbank slams state on infrastructure

Aug 02 2012 08:54
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.

*Follow Fin24 on Twitter, Facebook and Google+.

nedbank  |  economy  |  infrastructure


Read Fin24’s Comments Policy 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
Comments have been closed for this article.

Company Snapshot

Money Clinic

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

Voting Booth

Do you use all your downloaded apps on your smartphone?

Previous results · Suggest a vote