BNC#9 | Dean Macpherson: SA has a trillion rand for infrastructure, but it can't spend it (yet)

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South Africa has budgeted a trillion rand for infrastructure over the next three years. It's spending less than it did twelve months ago. Public Works and Infrastructure Minister Dean Macpherson lays out why: a tender system that awards roughly one in six bids, a construction mafia that until recently shut down sites almost daily, and a state entity that was bankrupt and whose boss allegedly tried to bribe a journalist. He also explains what's actually working, from Cape Town's record infrastructure spend to a national crackdown that's already produced 241 arrests. Not a comfortable watch for anyone hoping this is just how things are.
17 Aug 5AM English South Africa Investing · Business News

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