BNC#9 | Dean Macpherson: SA has a trillion rand for infrastructure, but it can't spend it (yet)

Loading player...
South Africa has budgeted a trillion rand for infrastructure over the next three years. It's spending less than it did twelve months ago. Public Works and Infrastructure Minister Dean Macpherson lays out why: a tender system that awards roughly one in six bids, a construction mafia that until recently shut down sites almost daily, and a state entity that was bankrupt and whose boss allegedly tried to bribe a journalist. He also explains what's actually working, from Cape Town's record infrastructure spend to a national crackdown that's already produced 241 arrests. Not a comfortable watch for anyone hoping this is just how things are.
17 Aug 5AM English South Africa Investing · Business News

Other recent episodes

Zuma’s super spy’s secret trial

Former President Jacob Zuma's “super spy”, the once feared and powerful Thulani Dlomo, has gone on trial in great secrecy with a fellow former spy boss for allegedly making off with R12 million of State Security Agency (SSA) funds under false pretenses. In this interview with Chris Steyn, Willem Els…
20 Oct 6AM 19 min