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This resource is hosted by the Nelson Mandela Centre of Memory, but was compiled and authored by Padraig O’Malley. It is the product of almost two decades of research and includes analyses, chronologies, historical documents, and interviews from the apartheid and post-apartheid eras.

Asgisa investment leaps forward

March 23, 2007
BUSINESS REPORT

By Donwald Pressly

Johannesburg - Infrastructure investments have leapt forwards since the launch of the Accelerated and Shared Growth Initiative for South Africa (Asgisa) in 2006 with current public investment plans totalling over R415 billion in the coming three-year budget cycle, the South African government said on Thursday.

Deputy President Phumzile Mlambo-Ngcuka who is driving the initiative - told journalists at Parliament that she was pleased with the work being done in the area of transport logistics and fostering the ICT environment.

The bar had also been raised in the area of tourism and there had been success in encouraging South African Airways to "facilitate the entry of other flights into our airspace", while in the area of business process outsourcing this sector was creating jobs.

The airlift strategy had seen 700 000 inbound air passengers into South Africa, the deputy president reported.

Noting success on the infrastructure front, a government statement noted that while power parastatal Eskom and transport parastatal Transnet were leading the way with "huge investment projects" in electrical power and rail transport, major projects like the De Hoop Dam, the King Shaka Airport (at Durban) and Gautrain (including Johannesburg and Pretoria) were under way and a national transport plan had been adopted by the cabinet.

This resource is hosted by the Nelson Mandela Centre of Memory, but was compiled and authored by Padraig O’Malley. Return to the Nelson Mandela Centre of Memory site.