National
SA's GDP could be boosted by smarter infrastructure delivery─── 08:43 Tue, 01 Sep 2015
Johannesburg - South Africa could boost annual gross domestic product (GDP) by R260bn by 2030 through smarter infrastructure delivery, according to a McKinsey report.
McKinsey Global Institute released its latest report on South Africa this morning.
According to findings in the report, the country could save up to R1.4trn over the next decade and boost annual GDP by R260bn by 2030 if it invests these savings in additional infrastructure, creating 660 000 jobs.
The report drew expertise from leaders and experts across government, business and academia.
In May Economic and Development Minister Ebrahim Patel told delegates at the Asisa (Association for Savings and Investment South Africa) conference that SA’s infrastructure strategy should be put under the spotlight. According to Patel, SA’s infrastructure project pipeline would cost R4.7trn.
- News.com