Almost a quarter of SA’s R340bn in strategic infrastructure projects delayed

14 strategic infrastructure projects are behind schedule: Standard Bank.
Dry cooling fans at Eskom's Medupi Power Station outside Lephalale, Limpopo. Image: Waldo Swiegers / Bloomberg
Almost a quarter of South Africa’s R340 billion worth of strategic infrastructure projects have been delayed or put on hold, according to Standard Bank Group.The government in Africa’s most-industrialised economy has officially announced 62 energy, water, sanitation and other projects, known as SIPs. While eight have been completed and 40 are underway, 14 are behind schedule, the bank said in a May 25 report that monitors their progress.

The rollout of one project — a plan worth billions of dollars to build 2,000 megawatts of new power-generation as quickly as possible — has been held up by court cases and state-owned Eskom, the bank said. The delay comes as South Africa heads for a record year of disruptive power outages because the utility is unable to meet demand.

Increased infrastructure investment underpins plans unveiled by President Cyril Ramaphosa in October 2020 to boost the country’s economic growth rate, after the biggest contraction in a century that year. Investment as a percentage of South Africa’s gross domestic product has been in decline since 2016 and was projected to hit a record low of 12.2% last year, according to International Monetary Fund data published in February.

Other SIPs have been put on hold due to funding gaps, according to the bank.

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Similarly, a R4 billion initiative for The South African National Space Agency to develop a Space Infrastructure Hub has made no progress, it said.

© 2022 Bloomberg L.P.

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Luthuli House is a bit slow out of the blocks here. Zambia has already beaten us in the space race.

“Reportedly inspired by a flight he took as a young child and his desire to walk on the clouds, Nkoloso’s aim was to make Zambia the first country to reach the Moon. Perhaps in the wake of independence Nkoloso was keen to prove the country’s power and importance on the world stage. And what better place to test that independence out than the space race?

In an attempt to achieve this mission to the Moon Nkoloso recruited twelve astronauts, and put them through rigorous training of his own devising. He put them in an oil drum, spun them round trees and rolled them down hills in order to prepare them for weightlessness. He taught them to walk on their hands as he believed this to be the way to walk in space. He made them swing on a rope, before cutting the rope to allow them to experience freefall.” –
https://www.rmg.co.uk/stories/topics/zambian-space-programme

Total incompetence is an ANC specialty and specifically looked for in their cadre deployment and contractor selection.

Create chaos and loot while everyone is distracted !!!!!!!!!!

Incompetence is a crucial ANC cadre characteristic – Highly prized by the ANC mafia as they create chaos and reveal looting opportunities in the melee.

End of comments.

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