Ramaphosa Meets Business Executives On Infrastructure Investment In Bid To Boost The Economy

President Cyril Ramaphosa met on Tuesday with Chief Executive Officers of commercial banks and leaders of development finance institutions to assess progress in efforts to intensify infrastructure investment.

In his address to the meeting, held at Tuynhuys in Cape Town, Ramaphosa said infrastructure played a significant role in a country’s economic welfare.

During his state of the nation address last Thursday, Ramaphosa reiterated that infrastructure development was at the centre of government’s inclusive growth and job creation agenda.

“This meeting is extraordinary in that it brings together, for the first time, government, financiers – including multilateral development banks and development finance institutions – organised business and infrastructure-oriented industry players under one roof to discuss public sector infrastructure in a meaningful way,” he said.

“I have previously described infrastructural investment as a critical driver of future growth in an economy that has been stuck in a low-growth trajectory for the past