CAPE TOWN – On the African continent, there is appetite for major infrastructure developments that are only hampered by challenges of capacity, whereas the picture is almost inverse in South Africa at present.
“We are sitting on a gross domestic product (GDP) growth rate of 1.5 percent at present that affects infrastructure investment, which is further exacerbated by an investment freeze as businesses adopt a wait-and-see approach ahead of the elections in May,” says Tshepo Mofubetsoana, Broker Centre Manager – Construction & Engineering Division at Aon South Africa.
