Infrastructure investment could revive SA economy: Ramaphosa

As South Africa looks to pull itself out of an economic rut, President Cyril Ramaphosa says investment in infrastructure could be the answer. He's launched the Mooikloof Mega Residential City, in the East of Tshwane. #eNCA reporter, Govan Whittles, is there. Courtesy #DStv403

JOHANNESBURG - As South Africa looks to pull itself out of an economic rut, President Cyril Ramaphosa says investment in infrastructure could be the answer.

Ramaphosa launched the Mooikloof Mega Residential City, in the East of Tshwane on Sunday.

Once completed the project will have a value of R33-billion.

READ: Investors putting billions into infrastructure drive

The major development is also expected to create about 7,000 jobs. 

"This development will also lead, which is the most pleasing part for us in government, it is also going to lead to the creation of some 41,000 jobs at a time, jobs that we sorely need," said Ramaphosa.

The ambitious project aims to provide access to lifestyle services that were not available to people in lower-income groups.

Source
eNCA