South Africa’s R890 billion investment pipeline is at risk of failing to translate into real economic activity unless municipalities urgently fix persistent governance and service delivery failures, President Cyril Ramaphosa has warned.
Speaking at the National Local Economic Development Summit on Tuesday, Ramaphosa said the country had made progress through structural reforms in energy and logistics, which have improved electricity generation, freight rail and port efficiency. However, he said the next phase of growth depends on local implementation capacity.
“We gather at a defining moment in our country’s…
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