South Africa: Promise Tracker - Ramaphosa's Infrastructure Fund Is Yet to Get Off the Ground


A year on, there is little to show for President Cyril Ramaphosa's economic stimulus plan - especially his promise of launching a 'mega' infrastructure fund. In theory, the fund, which will draw private sector funding and skills, is noble. But protracted discussions about the role of the government, business and labour in the fund have delayed its launch.

It has been nearly one year since President Cyril Ramaphosa revealed a fiscal stimulus and economic recovery plan to yank SA from its deep economic morass. But there's little progress to show for one of the plan's key measures.

Emboldened by Ramaphoria, the initial burst of optimism and goodwill that came with Ramaphosa's election as president, he announced a fiscal stimulus plan on 21 September 2018, which included the launch of a "mega" infrastructure fund.

The fund was a noble idea because it would leverage already allocated government funds and draw in private sector resources, while bringing private sector expertise to run economic growth and employment-inducing infrastructure projects.

After all, implementing infrastructure-led models is how many countries reformed their struggling economies to become global superpowers.

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