Key Infrastructure Projects in South Africa Hit by Delays
- Projects including emergency-power program have been held up
- Standard Bank is tracking strategic infrastructure projects
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Almost a quarter of South Africa’s 340 billion ($21.7 billion) worth of strategic infrastructure projects have been delayed or put on hold, according to Standard Bank Group Ltd.
The government in Africa’s most-industrialized economy has officially announced 62 energy, water, sanitation and other projects, known as SIPs. While eight have been completed and 40 are underway, 14 are behind schedule, the bank said in a May 25 report that monitors their progress.