Infrastructure spending is considered to be one of the major
catalysts of economic growth, development and economic activity. It
can be regarded as a mechanism of generating employment
opportunities for millions of unskilled, semi-skilled and skilled
workers. It is also widely considered to be one of the most
important factors that foreign investors take into account when
making investment decisions.
In his annual budget speech, Minister of Finance Pravin Gordhan
provided insight into the South Africa government's planned
infrastructure spending over the Medium Term Expenditure (MTEF)
period, 2012/13 to 2015/16. Minister Gordhan announced that
government plans to allocate R827 billion to public sector spending
on infrastructure over the next three years. In addition to the
planned MTEF spending, plans to roll out a much larger set of
infrastructure projects, totaling spending of approximately R4
trillion1 over the next 15 years, was announced by the
Presidential
