10 Completed Projects in South Africa That Shook The World
Channel: Africa Reloaded
Date: 2022-06-14

10 Completed Projects in South Africa That Shook The World. 
South Africa is a country on the African continent’s southernmost tip, with various diverse ecosystems. Big game abounds in Kruger National Park, an inland safari destination. Beaches, rich winelands around Stellenbosch and Paarl, rugged cliffs at the Cape of Good Hope, forest and lagoons along the Garden Route, and the metropolis of Cape Town, which sits beneath flat-topped Table Mountain, are all found in the Western Cape. In 2022, the construction sector in South Africa is predicted to recover and grow by 9.1% in real terms. Between 2023 and 2025, the industry will stabilize at a 3.1 percent annual average growth rate, while output will not return to pre-pandemic levels for the duration of the projected period. Government investments in transportation, energy, residential, telecommunications, and industrial projects, on the other hand, will help the industry thrive over the projection period. Business confidence is predicted to grow as a result of the government’s assistance for enterprises and Small and Medium Enterprises (SMEs). The National Treasury announced in November 2021 that it would spend ZAR2.3 billion (US$142.4 million) in the current Financial Year (FY) (April 2021 to March 2022) to help businesses affected by the third wave of the pandemic and to rebuild infrastructure damaged by the civil unrest that erupted in the Gauteng and KwaZulu-Natal provinces in July 2021. The total value of registered building plans passed by larger towns increased by 37.5 percent YoY in the first ten months of this year, following an annual fall of 33.5 percent in 2020, according to Stats SA. The government announced in February 2021 that over the Medium-Term Expenditure Framework term, which runs from FY2021/2022 to FY2023/2024, it plans to invest ZAR791.2 billion (US$49 billion) on public-sector infrastructure investment. The transport and logistics sector received ZAR287 billion (US$17.8 billion), while the energy sector received ZAR149.9 billion (US$9.3 billion). 
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