JOHANNESBURG - President Cyril Ramaphosa has announced a R1-trillion investment in infrastructure over the next three years.
The plan aims to reform local government and boost job creation in municipalities.
Ramaphosa announced while addressing the National Council of Provinces.
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He said local government will be a critical enabler of the most ambitious infrastructure build programme in the country’s history.
"Over the next three years, we will be investing R1 trillion rand to build energy, water, transportation, logistics, IT, and other essential infrastructure.
"This massive programme will create jobs, support local businesses and supplier development, and develop new value chains. We are on a concerted drive to attract investment into our economy," he said.
According to Ramaphosa, potential investors need to know that they are bringing their investments to places that have reliable basic services, are well-regulated and managed, and that are safe and secure.