Infrastructure hindering African trade
Lack of infrastructure is negatively affecting Africa's international trade, Public Enterprises Minister Malusi Gigaba said on Tuesday.
"The world is eager to do business with Africa, but finds it difficult to access African markets, especially in the interior, due to poor infrastructure," he said at the convention of the association of municipal electricity utilities in East London, Eastern Cape.
"Greater economic activity, enhanced efficiency and increased competitiveness are hampered by inadequate transport, communication, water and power infrastructure."
He said while inadequate infrastructure could be the biggest threat to Africa's long-term growth, it also represented a significant opportunity for investors.
"With governments across the continent committing billions of dollars to infrastructure, Africa is at the start of a 20 to 30-year infrastructure development boom," Gigaba said.
The development and modernisation of infrastructure remained critical to South Africa's future economic competitiveness, facilitating domestic, regional and international trade, and enhancing South Africa's integration into the regional and global economy.
He said critics of the national development plan (NDP), which listed infrastructure as one of its priorities, still saw its potential.
"Some of the critics of the NDP have not outrightly rejected the plan, but highlighted issues which require further engagement and debate, with a view to improving them as we march forward with its implementation," he said.
"The plan itself is not sacrosanct or cast in stone, but is a living document."
Gigaba said development and improvement was on ongoing process.
"Among the critical lessons for infrastructure roll-out in Africa include that we must never stop planning for future infrastructure capacity, and having gained the momentum, the infrastructure development programme must not stop; and that we must service and maintain our infrastructure so that we do not neglect it for future generations to have to maintain, service and even replace it at exorbitant cost," he said.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation