Infrastructure at core of business’ R3.4-trillion economic recovery proposal

Business for South Africa released an economic recovery strategy paper on July 10 that includes a list of 12 priority initiatives, many infrastructure-related, which the formation argues could bolster gross domestic product by R1-trillion, create up to 1.5-million jobs and increase yearly tax revenues by R100-billion in the coming three years. It also called for the establishment of a Joint Reconstruction Task Team to coordinate the implementation of the recovery plan, which would require public and private funding of R3.4-trillion over the coming three years.