SA faces infrastructure gap

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PRETORIA – South Africa will have an infrastructure investment gap of R4,8 trillion by 2030 from the aspirational target in the National Development Plan (NDP) unless the country increases its investment in infrastructure.

This is according to Dr Hurbert Joynt, programme manager for Infrastructure South Africa’s Centre for Excellence, who reiterated that the aspirational target in the NDP is for gross fixed capital formation to comprise 30 percent of GDP by 2030. In a presentation and progress report on the rollout of SA’s infrastructure investment plan, Joynt told a National Council of Provinces select committee last week that this infrastructure investment gap forecast is based on existing investment patterns and what the current target needs to be to meet the GDP gross fixed capital formation target.

The government in July 2021 gazetted 62 Strategic Integrated Projects (SIPs) valued at R340 billion to drive South Africa’s post Covid-19 economic recovery.

This was followed in October 2021 by the government unveiling a pipeline of 55 new catalytic infrastructure projects from various sectors valued at about R595 billion that it estimated would create 538 500 employment opportunities. However, the government admitted at the time there was a funding gap of about R441 billion for the 55 new projects being presented to the market.

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