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S. Africa To Unlock 62 Bn USD Infra Investment

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Johannesburg, Nov 4 (IANS): As South Africa's growth is projected to shrink by almost 8 per cent in 2020, President Cyril Ramaphosa said the government was prioritizing economic reform and mass investments in infrastructure. "Over the next four years we hope to unlock 1 trillion rand (62.4 billion USD) in infrastructure investment," said the President at the Infrastructure South Africa Project Preparation Roundtable and Marketplace on Tuesday. He said his government was ready to rebuild the economy and welcome new investment after the pandemic's devastation, Xinhua reported.

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