Generally considered to be a growth driver for a range of industrial gases, infrastructure investment looks set to continue across the African continent, despite the onset of recession.
African National Congress (ANC) Secretary General Gwede Mantashe revealed recently that South Africa would not slow down its planned infrastructure investment, despite the country’s economy officially entering a recession.
According to Creamer Media’s Engineering News, Mantashe stated that government spending would act as a counter-cyclical intervention, and would assist in creating new economic capacity in South Africa.
It was also expected that this spending would help South Africa recover quicker, once the economic slowdown receded. Government is spending R787bn over the next three years on infrastructure.
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