25 major projects planned for South Africa – including a smart city, new borders and highway upgrades

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Nedbank has published its latest capital expenditure project listing report, detailing some of the major fixed investment projects planned for South Africa.

The bank’s listing shows that fixed investment activity is starting to show signs of life, following the pandemic-induced implosion and the prolonged slump from 2014.

Notably, a total of R208 billion in new projects were announced in 2021, up from R72 billion over 2020 and R138 billion over 2019.

“The private sector is leading the revival, planning R120 billion of new projects, accounting for 58% of all new projects announced in 2021,” the bank said.

+INFO: BusinessTech

+IMATGES: BusinessTech

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