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South Africa's R600-billion investment surge
The value of South Africa’s planned investment projects increased sharply in the first half of 2024, boosted by sustained electricity supply, easing logistical constraints and slowing inflation, according to a report by Nedbank Group Ltd.
The value of announced new projects jumped to an annualized R793.7 billion in the first six months, dwarfing the R193.2 billion for 2023, the lender said in its Capital Expenditure Project Listing report released Monday.
The value of South Africa’s planned investment projects increased sharply in the first half of 2024, boosted by sustained electricity supply, easing logistical constraints and slowing inflation, according to a report by Nedbank Group Ltd.
The value of announced new projects jumped to an annualized R793.7 billion in the first six months, dwarfing the R193.2 billion for 2023, the lender said in its Capital Expenditure Project Listing report released Monday.