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News & Press: 2019 News items

Sona: all you need to know

Friday, 21 June 2019   (0 Comments)
Posted by: Bert vd Heever
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The president announced that government would take a new approach to infrastructure development.

"It includes a special package of financial and institutional measures to boost construction and prioritise water infrastructure, roads and student accommodation through a more efficient use of budgeted money. As announced at the previous SONA, government has set aside R100bn to seed the Infrastructure Fund".

Ramaphosa said government was working towards institutionalising the fund, which will be managed by the Development Bank of Southern Africa.

Click here to watch the opposition parties comment on the president's dream and find out more about his plans to grow the economy