Big business to approach government with solutions for accelerating infrastructure spending

Big business in South Africa plans to approach government with a series of solutions aimed at narrowing the ever-widening gap between the country’s fixed-investment spending targets and the dismal reality of declining spending on both social and economic infrastructure. Through the National Development Plan, South Africa has set an official goal of increasing gross fixed capital formation to 30% of gross domestic product (GDP) with the aim of using such spending to create the platform for economic growth and improved service delivery.