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Article: South Africa: South Africas ANC Wont Curb Infrastructure Investment.
- Article from:
- TendersInfo
- Article date:
- November 25, 2008
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Byline: deepak03
South Africa's ruling African National Congress said the global financial crisis won't curb government spending on roads, power plants and stadiums for the 2010 Soccer World Cup.
The ``prudent'' management of public finances means the government can maintain its pace of infrastructure investment even as economic growth slows, ANC Secretary-General Gwede Mantashe told reporters in Johannesburg today, following a meeting of the party's 86-member national executive committee.
The government is betting that more than 600 billion rand ($58.6 billion) in spending to expand power generation and transport networks over the next three ...