http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.04Change: -0.05
R/$ = 10.71Change: -0.05
Au 1280.73 $/ozChange: -6.45
Pt 1421.50 $/ozChange: -2.50
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Sep 06, 2012

Infrastructure and policy delivery to form basis of World Bank’s future engagement with SA

Back
Newly appointed World Bank president Dr Jim Yong Kim outlines his expectations for the bank's future relationship with South Africa. Camera Work: Nicholas Boyd. Editing: Shane Williams. Recorded: 6.9.2012.
Expertise|Pretoria|Washington|Africa|Projects|Resources|Systems|Africa|South Africa|United States|Bank|Development Finance Institution|Energy|Service|Systems|Infrastructure|Jacob Zuma|Jim Yong Kim|Pravin Gordhan|Robert Zoellick
Expertise||Africa|Projects|Resources|Systems|Africa||Energy|Service|Systems|Infrastructure|
expertise|pretoria|washington|africa-company|projects|resources|systems-company|africa|south-africa|united-states|bank|development-finance-institution|energy|service|systems|infrastructure|jacob-zuma|jim-yong-kim|pravin-gordhan|robert-zoellick
© Reuse this



Newly appointed World Bank president Dr Jim Yong Kim, who visited South Africa on Thursday as part of a larger African tour, said the bank stood ready to support Africa’s largest economy in its efforts towards improving social inclusion through higher levels of, as well as more inclusive, growth.

Kim took over leadership of the development finance institution in July and his missions to Côte d’Ivoire and South Africa in early September marked his first official visits outside the US since taking over from Robert Zoellick.

South Africa’s success was important for the “region, the continent and the world” and, thus, a priority for the World Bank, notwithstanding the country’s middle-income status.

The Washington-based institution would start engagements soon on a new country strategy for South Africa, which was likely to be aligned to South Africa R3.2-trillion, multidecade infrastructure plan. But it would also place emphasis on improving policy implementation and service delivery.

Addressing the media following meetings with President Jacob Zuma and eight Cabinet Ministers, in Pretoria, Kim said he was “deeply impressed” by South Africa’s level of analysis, policy and planning.

The focus, however, needed to shift to ensuring that its good policy was implemented – a theme that would form the basis of the future structure of the bank’s relationship with South Africa.

“We had a very intensive discussion on how the World Bank and South Africa could work together on improving implementation and delivery,” Kim said, adding that the World Bank had extensive experience in improving implementation in a number of other countries.

Finance Minister Pravin Gordhan, who together with World Bank VP for Africa Makhtar Diop flanked Kim at the briefing, said South Africa was optimistic that, under Kim, the bank would help find “new and different answers” to the world’s inclusive-growth dilemma.

Gordhan hoped that South Africa would become a “laboratory of good practice and innovation”, particularly in the areas of employment creation generally, and youth employment in particular.

Even more than its financial resources, Gordhan said government was keen to draw on the bank’s technical expertise. But he did not discount seeking further financial assistance, but only if “we absolutely need it.”

“What we do need in South Africa are efficient delivery systems so that intentions and policies begin to be converted, very efficiently, into actions on the ground,” Gordhan said.

In the infrastructure environment, that meant improving the sequencing and coordination of projects and developing visibility around a “10 to 20 year pipeline of projects”.

Diop indicated that the bank also planned to collaborate with South Africa to support key African Union-backed regional infrastructure projects, particularly those in the area of energy.
 

Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Construction News
Neil Gopal
The South African Property Owners’ Association (Sapoa) has appealed to Rural Development and Land Affairs Minister Gugile Nkwinti to invoke the discretionary powers available to him under the Spatial Planning and Land Use Management Act of 2013 to prevent...
Wilson Bayly Holmes-Ovcon (WBHO) had delivered “a reasonable performance” for the financial year ended June 30, said CEO Louwtjie Nel on Monday. “We are getting through this tough period. It hasn’t really improved much over the past two, three years, even...
Several rural communities are facing severe water contamination, the DA said on Monday after it conducted a probe into water quality in four provinces. "The vast majority of South Africans are receiving clean and reliable water, but there are problems and they appear...
Article contains comments
More
 
 
Latest News
Government, in conjunction with industry clusters had to encourage preferential procurement in the mining industry, Department of Trade and Industry (DTI) capital equipment and allied services director Tapiwa Samanga has said. In a statement issued on Monday, he...
Neil Gopal
The South African Property Owners’ Association (Sapoa) has appealed to Rural Development and Land Affairs Minister Gugile Nkwinti to invoke the discretionary powers available to him under the Spatial Planning and Land Use Management Act of 2013 to prevent...
The Financial Services Board (FSB) has extended telecommunications group MTN’s broad-based black economic-empowerment trading platform MTN Zakhele’s exemption to the directive requiring over-the-counter (OTC) trading platforms to apply for a licence to operate,...
More
 
 
Recent Research Reports
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...
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.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
 
 
 
 
 
This Week's Magazine
South African State-owned defence industrial group Denel has announced its fourth consecutive year of profits. The group's results for the financial year 2013/2014 were recently announced at its head office in Centurion, south of Pretoria. Revenues grew by 17%, net...
There is little opportunity for JSE-listed infrastructure company Group Five to grow shareholder value in the domestic market, says CEO Mike Upton. He says value can still be found in the private sector, in the renewable and industrial power sector, as well as in...
The National Association of Automobile Manufacturers of South Africa (Naamsa) has announced the event dates of the 2015 Johannesburg International Motor Show (JIMS). The event will take place from October 14 to October 25, 2015, at the Johannesburg Expo Centre, Nasrec.
UK engineering support services provider Babcock is set to deliver the largest order of global truck manufacturer DAF’s truck tractors in Southern Africa to bulk carrier road-based logistics company Ngululu Bulk Carriers (NBC), with 133 trucks to be delivered in...
Digital radio communications in the African local government space can open up the world, but have many challenges to overcome, notes integration and migration of legacy radio communications infrastructure with digital mobile radio company Emcom Wireless head of...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks