A plan to galvanize 2.3 trillion rand ($133 billion) in new infrastructure investment over the next decade that could create more than 1.8 million jobs and revive an economy battered by the coronavirus pandemic, this
Gross domestic product is expected to contract at least 7% this year and the advent of the disease has made the need for the investment all the more urgent. It’s won backing from development finance institutions and ground needs to be broken as soon as possible. Placing infrastructure at the center of the stimulus is what South African economy needs to achieve a sustainable recovery. In the long run, infrastructure investment increases the capacity of the economy, reducing the cost of transport and the capacity and reliability of key services like electricity and municipal services