Today's Labour News

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employment thumb100 The Citizen reports that the government has unveiled 50 strategic infrastructure projects (Sips) and 12 special projects involving total investments of R360 billion, as the first tranche of a massive infrastructure expenditure programme to drive the post Covid-19 economic recovery effort.  

These initial Sip projects are expected to create an estimated 275,000 jobs in six sectors, namely water and sanitation; energy; transport; digital infrastructure; agriculture and agro processing; and human settlements.  Dr Kgosientso Ramokgopa, head of the investment and infrastructure office in the Presidency, said on Monday that these “are projects that are shovel-ready, so in the next three months we will be able to go into the ground … and ensure we are able to stop the haemorrhaging of jobs in the economy.”  He said funding from the debt capital market accounted for R340 billion of the total investment in these projects and “these projects don’t draw money from the fiscus.”  Ramokgopa added:  “These are projects that are commercially viable through the Sips methodology. Some of them will require a bit of unlocking.”  Minister of Public Works and Infrastructure, Patricia de Lille, said the projects had been gazetted in terms of the Infrastructure Development Act, which enabled their development and implementation to be prioritised.  De Lille provided a breakdown of the projects in the six sectors (as detailed in the news report).

  • Read the full original of the report in the above regard by Roy Cokayne on page 22 of The Citizen of 29 July 2020

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