A senior official on Tuesday said Investors have made firm commitments to put tens of billions of rand into projects that South Africa’s government hopes will drive an economic recovery from the coronavirus crisis.
South Africa is facing a steep economic contraction this year after the government imposed a strict lockdown to contain the virus, and a global economic slowdown has hurt demand for its exports.
Officials held an infrastructure symposium on Tuesday to showcase 276 projects to investors from sectors including energy, transport, housing, water and sanitation, agriculture and digital technologies that they hope will raise the potential economic growth rate and create jobs.
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