Raising gross fixed capital formation (GFCF) to between 18% and 20% of GDP is key to lifting growth to the 3% target, The Presidency’s project management office head Rudi Dicks argues. While also asserting that there are signs that Operation Vulindlela-linked reforms are starting to spur higher levels of capital investment in the economy. Pressed during a PSG webinar to put a figure to the investments catalysed by Operation Vulindlela, Dicks stated that R500-billion had been unlocked mainly in the form of renewable-energy projects, but also in the areas of telecoms, transport and water.
