Chinese economic growth is expected at 8%.
Of this, the Department of Mineral Resources and Energy has budgeted R16 billion towards their national electrification programme.
These entities serve as implementing agents for housing grants and infrastructure development for urban housing projects.
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South Africas National Development Plan has targeted infrastructure investment of 30% of GDP by 2030.
This was discovered in Parliament and made public by DA Shadow Finance Minister, Geordin Hill-Lewis.
He added:
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Tito Mboweni, the South African finance minister, plans to spend R260 billion in 2021 on infrastructure projects. Image: Dwayne Senior / Bloomberg via Getty ImagesSource: Getty Images
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