Oct 19, 2012
‘Countless opportunities’ for practical infrastructure partnerships – MotlantheBack
Construction|Johannesburg|Africa|Environment|PROJECT|Projects|Resources|Water|Africa|South Africa|Building|Energy|Logistics|Manufacturing|Transport|Ebrahim Patel|Infrastructure|Jacob Zuma|Kgalema Motlanthe|Water
© Reuse this
Addressing the Presidential Infrastructure Investment Conference, in Johannesburg, Motlanthe called for a broad-based public-private “coalition” to support the infrastructure strategy, which was being pursued partly to address current backlogs, but primarily to provide the “basis” for future economic growth, job creation and social cohesion.
The conference, which was convened by President Jacob Zuma, who heads the Presidential Infrastructure Coordinating Commission established to improve infrastructure planning and coordination, was attended by organised business, labour, built-environment professionals, academics, construction companies, manufacturers, local and domestic financial institutions, as well as provincial premiers and metropolitan mayors.
Motlanthe said efforts should be made to galvanise domestic savings and pensions funds in support of the projects, while also stressing the need for foreign and domestic investments to complement the efforts of government departments and State-owned companies.
The multitrillion-rand programme could not be funded through domestic savings alone, he said.
Economic Development Minister Ebrahim Patel added that various funding models would be pursued and interrogated, including ensuring that pension fund resources were deployed in the form of both project equity and debt.
The comments come amid ongoing appeals from the business community for clarity on the envisaged role for public–private partnerships within the infrastructure plan, which some observers have criticised for being overly dominated by public entities.
The Sip clusters, which have been enlarged from 17 to 18, with the inclusion of a national water and sanitation cluster of projects, include energy projects, mineral export transport corridors, municipal infrastructure projects, agro-logistics schemes, information communication and science programmes, educational and health infrastructure plans and regional integration projects.
Motlanthe said the 20-year National Infrastructure Development Plan created the potential for “practical” partnerships associated directly with the construction of the projects, but also for building the manufacturing capacity needed to supply into the projects.
The end result should be country that is “more socially cohesive, more prosperous and more productive”, Motlanthe said.
Edited by: Creamer Media Reporter© Reuse this Comment Guidelines (150 word limit)
Other Economy News
Recent Research Reports
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
This Week's Magazine
South Africa remains an important manufacturing and export platform for Ford Motor Company, says executive chairperson Bill Ford. However, he adds that other countries on the continent are “becoming interesting”, and that the US carmaker is casting its net wider for...
Germany’s Max-Planck-Society (MPG) and the Max-Planck-Institute for Radio Astronomy (MPlfR) are investing €11-million (about R150-million) into South Africa’s MeerKAT radio telescope array programme. The money will be used to design, build and install S-band radio...
Infrastructure spend in sub-Saharan Africa will grow from $70-billion in 2013 to $180-billion by 2025, says PwC capital projects and infrastructure Africa leader Jonathan Cawood. This is one of the findings of PwC’s Capital Projects & Infrastructure report on East...
Private-owned defence and aerospace manufacturer Paramount Group and the Ichikowitz Family Foundation unveiled its Anti-Poaching Skills and K9 Training Academy in Magaliesburg last month.
The inclusion of Bluetooth to provide sub-three meter accuracy and heightened functionality for users is one of the ways to change existing wireless networks into engagement networks. An engagement network differs from common wireless networks in that it enables the...