Infrastructure Investment = Economic Growth
Category PROPERTY NEWS
This statement has stood the test of time. When infrastructure is a priority in a country and continually improved and maintained, it leads to the enabling factors that lead to economic growth.
Electricity, Transport, Internet, Telecommunications, Water, Housing and Building infrastructure have a causal effect to improved confidence and growth of the economy from an internal and external perspective. Modern and well maintained infrastructure leads to more investment opportunities as investors pile into countries that have the best infrastructure and industrial policies.
Bringing it closer home, if Africa is to reposition itself as a self sufficient and globally competitive continent there has to be sustained investment in infrastructure so that we can lean towards being a developed continent and thus have exponential growth and reap the rewards of having the youngest population in the world.
If South Africa can be able to fund and stick to its R800 billion infrastructure spend over the medium term the economy will definetely grow and the benefits of the infrastructure will lead to better socio economic livelihoods for everyone.
Author: Metcalfe Mtungwazi