A New Development Bank set up by the BRICS group of emerging economies plans to lend $1.5 billion to South Africa for infrastructure projects over the next eighteen months. Source: SABC Digital News
By Frances Okosi, Partner in the Banking & Finance Practice at Baker McKenzie in Johannesburg If the gap between the quality and quantity of Sub-Saharan Africa’s infrastructure and the infrastructure in the rest of the developing world could be...
Gauteng Premier David Makhura addressed delegates at the Gauteng Infrastructure Investment Conference in Midrand last week. Although policy uncertainty was one the biggest concerns raised, Makhura said the uncertain environment will pass, leaving...
Communities which will be disrupted during Phase II of the Lesotho Highlands Water Project (LHWP) need to a have buy-in, says the Department of Water and Sanitation. The department along with the Lesotho Highlands Development Authority (LHDA)...
A new infrastructure fund has been launched in an effort to unlock Africa’s investment potential and boost infrastructure growth across the continent. Africa has long been considered an appealing investment destination as it boasts untapped growth...
R20 million will be invested into maintaining and upgrading bridges across Johannesburg. This will be undertaken by the Johannesburg Roads Agency (JRA) and forms part of its maintenance plans for the city’s transport infrastructure. The funds will...
The Passenger Rail Agency of SA (Prasa) has plans to go ahead with a multibillion-rand modernisation and recapitalisation programme, however the country’s recent sovereign credit ratings downgrade might impact this. At the recent launch of Prasa’s...
The N14 freeway between Diepsloot and Brakfontein will be undergoing a R444 million upgrade over the next two years. The project was launched at the beginning of May by Ismail Vadi, Gauteng MEC for roads and transport. Vadi said the 21km project...
Innovation and localised solutions will help fast track Africa’s much needed developments, KPMG experts say. With the opening of African Utility Week in Cape Town on Wednesday, KPMG experts shared their views on what they believe are the greatest...
