Government seeks R1.5 trillion for decade-long building boom

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
The infrastructure commission in President Cyril Ramaphosa’s office presented projects ranging from water and sanitation to energy and digital infrastructure. Picture: iStock
The infrastructure commission in President Cyril Ramaphosa’s office presented projects ranging from water and sanitation to energy and digital infrastructure. Picture: iStock

BUSINESS

Government has told asset managers and banks that it needs R1.5 trillion of infrastructure investment over the next decade, said Futuregrowth Asset Managementthe country’s biggest specialist fixed-interest fund.

At a meeting at the end of last month, the infrastructure commission in President Cyril Ramaphosa’s office presented projects ranging from water and sanitation to energy and digital infrastructure, said Jason Lightfoot, a portfolio manager at Futuregrowth, which oversees about R194 billion.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in

E-Editions

Read the digital editions of City Press here.
Read now
Voting Booth
ANC secretary-general Ace Magashule has written a letter suspending party president Cyril Ramaphosa in apparent retaliation after he was served with a letter of suspension on Wednesday.
Please select an option Oops! Something went wrong, please try again later.
Results
He doesn't have the power
28% - 24 votes
It’s a declaration of war
24% - 21 votes
Nothing but a distraction
48% - 42 votes
Vote