South Africa

S.A’s President announced that the Infrastructure Fund will explore new approaches to blended financing for projects

today24 July, 2024

Background

In S.A, President Cyril Ramaphosa announced that the Infrastructure Fund will explore new approaches to blended financing for infrastructure projects. This initiative aims to boost rapid and inclusive economic growth, create jobs, reduce poverty, and foster a just society.

Meanwhile…
EFF leader Julius Malema has reiterated his call for the reduction of cabinet and do away with deputy ministers. Cabinet has increased to 32 ministers from 30 and there are now 43 deputy ministers from 36 in the government of national unity. It has been estimated that the bloated cabinet may cost well over 1.5-billion-rand. Malema says the bloated cabinet puts more pressure on taxpayers:

Written by: Leonard Witbeen