‘Funds will be found’

South Africa is committed
to finding the necessary
resources needed to revitalise
and expand the country’s rail
network as well as other public
infrastructure, according to
Public Enterprises Minister
Malusi Gigaba.
Gigaba said for
infrastructure investment
to be at the levels where it
could properly stimulate the
economy it had to reach 10%
of gross domestic product.
“In order to fund our
expanded and accelerated
infrastructure programme
we have commenced a
process of engaging with
our development finance
institutions to see how we
can leverage their balance
sheets,” said Gigaba. “We are
also engaging with our big
customers, banks and pension
funds to see how we can
expand the pool of available
capital.”
He said government was
exploring the possibility of
structuring special funding
vehicles to channel funding
from these different sources
into specific strategic logistics
projects.