https://www.engineeringnews.co.za
Africa|Infrastructure|Resources|Sustainable|Infrastructure
Africa|Infrastructure|Resources|Sustainable|Infrastructure
africa|infrastructure|resources|sustainable|infrastructure

Govt turns to private sector to fix public facilities

5th April 2024

By: Irma Venter

Creamer Media Senior Deputy Editor

     

Font size: - +

Given the current economic downturn, government does not have the resources to look after all its assets, says Department of Public Works and Infrastructure (DPWI) property management trading entity head Siza Sibande.

“Hence, we want to partner with the private sector to improve public facilities.”

Addressing a media conference at the Sustainable Infrastructure Development Symposium South Africa 2024, held in Cape Town in March, Sibande noted that the DPWI was now focused on leveraging and optimising State assets.

“We developed a strategy that we call the State Immovable Asset Optimisation strategy.

“We have entered a new phase where government will apply partnerships/collaborations with the private sector, such as refurbishment, operate and transfer; and build, operate and transfer.
“The focus here is to leverage State assets by unlocking the value of underutilised immovable State assets.”

Sibande noted that the State had the biggest asset portfolio in the country, “yet the value we created out of these assets was close to zero”.

He added that the State’s targeted immovable asset portfolio comprised about 29 000 land parcels, or 4.7-million hectares of land.

“This is quite a big portfolio that should be able to create a return on investment.”

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (26/04/2024)
26th April 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.067 0.12s - 152pq - 2rq
Subscribe Now