November 24, 2017

The role of infrastructure development in stimulating SA’s economic growth

Infrastructure remains critical for the continent’s growth and development. The last decade has seen Africa undergo fundamental changes in terms of trying to address its infrastructure deficit and attract investment in sectors including energy, transportation, ICT, water supply, agriculture and urban development.

This is equally true of South Africa. The country remains on a multibillion-rand drive to remedy the skewed implementation of past infrastructure development and meet the demands of our growing economy and population. How does one achieve this in a state of 0.2% growth however? And will the recent municipal elections unlock new sources of infrastructure spend especially in key metros? If this does happen, will it be enough to stimulate the local construction sector, especially in the critical EME and QSE space, creating the critically needed jobs that many parties have promised?

Rajesh Harripersadh, Key Accounts Manager at PPC, maintains that enabling partnerships are critical to unlock opportunities and address gaps in the local development space. These need to be created throughout the construction (and greater infrastructure development) supply chain – from manufacturers through to architects, retailers and construction companies themselves. As such, this will form a priority discussion point at this year’s Master Builders South Africa (MBSA) Congress in Durban on 31 August to 02 September 2016 which Minister in the Presidency for Planning, Performance, Monitoring, Evaluation and Administration, Jeff Radebe is set to open.

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