Overview
- President Cyril Ramaphosa announced a R1 trillion program that will fund projects over three years across national, provincial, and local government, state agencies, and state-owned firms.
- The government cited R890 billion in new pledges from its recent investment conference and set a fresh goal to attract R3 trillion over the next five years.
- Officials said the plan targets fixes to energy supply, port and rail links, road rehabilitation, water systems, and data infrastructure to clear long-standing bottlenecks.
- Ramaphosa said multidisciplinary teams will pursue construction extortion, illegal mining, and other infrastructure crime, including action against police who collude with gangs.
- The summit hosted by BlackRock and Global Infrastructure Partners went ahead in Cape Town as severe Western Cape storms disrupted transport and closed some schools, underscoring the strain on local services.