http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.20Change: 0.11
R/$ = 11.08Change: 0.00
Au 1216.40 $/ozChange: -0.63
Pt 1339.00 $/ozChange: 4.00
 
 
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 Electricity News
The National Energy Regulator of South Africa (Nersa) will release a consultation paper in February next year outlining the possible regulatory framework for “distributed power generation” in South Africa, including how “prosumers” could be empowered to feed surplus...
Despite apparent legitimate reasoning behind State-owned power utility Eskom’s electricity tariff increases, increased costs would undoubtedly hurt those in the lower portion of South Africa’s income distribution, consulting firm Frost & Sullivan Africa energy and...
Article contains comments
Medupi
Reiterating that the target date for synchronisation of the first unit at the 4 764 MW coal-fired Medupi power station remained December, Eskom senior general manager Andrew Etzinger has further updated the market on the plant’s progress, saying on Thursday that...
Article contains comments
More
 
 
Latest News
President Jacob Zuma would next month officially launch the Dube Tradeport, in Durban, as an industrial development zone (IDZ), the Department of Trade and Industry (DTI) announced on Friday. At the launch event, which was scheduled to take place on October 7, the...
JSE-listed York Timber Holdings on Friday said it expected its operating profit for the year ended June 30 to be between 25% and 30% lower than that of the prior year. As a result of the lower operating profit, combined with a 1% increase in the company’s biological...
Engineering solutions provider ELB Group has reported an 18% increase in turnover for the year, boosting overall income, from R1.9-billion in 2013, to R2.3-billion for the 12 months ended June 30. Describing this as “a satisfactory result, given the current difficult...
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 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.
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
MANUFACTURING CAPABILITY Reliable Transformers designs and manufactures dry-type and oil-filled power and distribution transformers up to 3.5 MVA
While Ekurhuleni-based transformer manufacturer Reliable Transformers currently designs, manufactures and tests its products according to the SANS 780 specifications for distribution transformers and other applicable transformer specifications, it is working towards...
GHAREEB SAAD Kaspersky Lab products contain strong heuristics engines that monitor suspicious file execution to detect attacks
Global endpoint security solutions company Kaspersky Lab has introduced new measures to prevent cyber criminals from accessing sensitive data, alongside its malware-signature and heuristic device analysis detection methods. Threats to mobile devices have increased...
MICHAEL FLETCHER Real-time information available to government when citizens use publicly funded Wi-Fi networks will enable it to communicate with citizens and provide services
To ensure uptake and a positive impact, Wireless Fidelity (Wi-Fi) networks in cities must be provided at schools, community centres and commercial centres to enable citizens and government to access information that will improve access to and delivery of services....
Eco-estate Monaghan Farm, located near Lanseria airport, north-west of Johannesburg, has taken a new approach to modern living and sustainability with its 517 ha development, dedicated to farm living.
Forklift and lift-truck distributor Goscor Lift Hi-Reach launched the Genie SX-180, the tallest self-propelled super boom in Africa, in Johannesburg last month. “As the official distributor of the well-known Genie range of equipment in Southern Africa, we are pleased...
 
 
 
 
 
 
 
 
 
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