The challenge for South Africa is not to make decisions based on what might appear to be diminished capacity to manage infrastructure projects. To the contrary, these investments are an opportunity for South Africa to leverage infrastructure as the foundation for economic and technological renewal.
South Africa’s bold move to focus on infrastructure is not just a matter of assessing the rate of return on specific investments. It is about building the core foundations for economic growth. Ratings approaches that assume the existence of basic infrastructure often fail to appreciate the gravity of Africa’s infrastructure challenges.
Poor Infrastructure Is Africa’s Soft Underbelly