Ramaphosa: SA ready for an infrastructure boom
President Cyril Ramaphosa said he continues to hold the view that infrastructure development is the flywheel the economy needs to boost growth and to create jobs.
President Cyril Ramaphosa delivered the keynote address at the Century City Conference Centre during the Sustainable Infrastructure Development Symposium South Africa (SIDSSA) on 27 May 2025. Picture: @PresidencyZA/X
CAPE TOWN - President Cyril Ramaphosa said he continues to hold the view that infrastructure development is the flywheel the economy needs to boost growth and to create jobs.
Addressing the annual Sustainable Infrastructure Development Symposium in Cape Town on Tuesday, Ramaphosa said that such development demonstrated stability and great potential to investors.
Government will, at this occasion, unveil a catalogue of seven top infrastructure projects which it said were ready for implementation.
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Started in 2020, this is the first infrastructure symposium of the seventh administration aimed at showcasing infrastructure investment opportunities to the country and the continent.
President Ramaphosa said that as the backbone of economic growth and social progress, the country was ready for an infrastructure boom.
"We are showing that we have moved from great ideas on paper to executable plans to implementation."
Joking that he smelled money in the room, Ramaphosa on Tuesday told investors that he wanted the private sector to match public spending on infrastructure development.
Over the next three years, government plans to spend R1 trillion on infrastructure.
"I want us to quadruple it. I want R4 trillion, and the other R3 trillion must come from you as the private sector. That is where the money should come from."
Ramaphosa said that government was implementing reforms to make private-public partnerships easier and faster.
In April, Infrastructure South Africa released the second edition of its construction book, which lists around 250 construction projects worth more than R238 billion.