Search

South Africa Targets 3% Economic Growth with Major Infrastructure Push

South African President Cyril Ramaphosa © Kremlin Pool / Alamy Stock Photo
  • Ramaphosa unveils $51 billion infrastructure investment plan
  • Pledges to end electricity cuts and reform state-owned enterprises

Johannesburg, South Africa – South Africa aims to lift economic growth to 3% over the next five years, President Cyril Ramaphosa announced during his State of the Nation Address on Thursday. To achieve this, his administration plans to launch an ambitious infrastructure development drive, backed by both local and international financial institutions and investors.

You need an active subscription to continue reading this article.

Recent Business

marek-studzinski-Dzzs2EFckLk-unsplash
Can diaspora bonds plug Africa’s financing gap?
Read More »
junior-samson-ZY0eI-L-FBc-unsplash
World Bank flags debt risk despite Benin’s rapid growth
Read More »
pexels-langford-kwabena-2841822-28075371
Ghana signals rate cut as inflation hits three-year low
Read More »

Recent Politics

emmanuel-ikwuegbu-T4q6ZPpYjog-unsplash
Tinubu seeks to win back north at Buhari’s funeral
Read More »
pexels-ninthgrid-2149521550-30688912
Nigeria inflation falls again, raising rate cut hopes
Read More »
ivan-bandura-D5kMHGxgZMI-unsplash
Barrick vows to fight Mali gold seizure through legal channels
Read More »

Latest Posts

Latest news insights