Johannesburg, November 2023 – The 2023 Medium Term Budget Policy Statement (MTPBS) recognises, reflects and has been structured to respond to key headwinds facing the global and South African economy.
The policy positions contained in this mini-budget are welcome for the fact that they communicate indispensable reform signals. The only way to area the economy on a solid and sustainable trajectory is through economic growth and to achieve that, reform is critical. Particularly reform in the delivery of large-scale infrastructure projects.
For the steel sector, one of the most critical policy considerations communicated is the opportunity for the private-public-partnerships (PPPs) in the financing and execution of large infrastructure projects. This will ensure that projects are executed with efficiency and speed.
The MTPBS posits the creation of novel mechanisms to facilitate co-investing with the private sector and multilateral institutions on selected infrastructure projects and employing alternative financing instruments for priority projects.
These infrastructure projects are a crucial demand source for the metals and engineering sector, which has been languishing in a low demand environment for the last 15 years, therefore their speedy and successful execution is of significant importance to the sustainability of the sector.
We eagerly await the details that will underpin this PPP framework. However, even prior to this announcement in the MTPBS today, SEIFSA maintain already begun engaging relevant departments, including National Treasury to quick track this objective.
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jungle king
When I came back to the United States, I decided that if you could use propaganda for war, you could certainly use it for peace. And \”propaganda\” got to be a bad word because of the Germans using it, so what I did was to try and find some other words so we found the word \”councelor of public relations\”. – Edward Bernays
Bourbon Mirage
PR is extremely important, and being able to use it in the right way means everything. You have to market your success – Lee Haney
Delirious Supernova
Building Trust During the Great Depression: The Great Depression touched every aspect of American life – including the communications business. Due to the economic downturn, companies primarily sought to build trust rather than sell products. The result? Most turned to PR over marketing, with PR even getting top billing on organizational charts! Advertising spending, meanwhile, plunged by more than 60 percent between 1929-1933 and would not fully recover until after World War II. (Source: MuckRack; Encyclopedia.com)