{"id":31260,"date":"2022-05-27T18:23:41","date_gmt":"2022-05-27T18:23:41","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/almost-a-quarter-of-sas-key-infrastructure-projects-hit-by-delays"},"modified":"2022-05-27T18:30:03","modified_gmt":"2022-05-27T18:30:03","slug":"almost-a-quarter-of-sas-key-infrastructure-projects-hit-by-delays","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/almost-a-quarter-of-sas-key-infrastructure-projects-hit-by-delays","title":{"rendered":"Almost a quarter of SA’s key infrastructure projects hit by delays"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>Almost a quarter of South Africa\u2019s R340 billion worth of strategic infrastructure projects have been delayed or put on hold, according to Standard Bank Group.<\/p>\n

The government 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.<\/p>\n

The rollout of one project – a plan worth billions of dollars to build 2 000 megawatts of new power-generation as quickly as possible – has been held up by court cases and state-owned Eskom, the bank said. The delay comes as South Africa heads for a record year of disruptive power outages because the utility is unable to meet demand.<\/p>\n

Increased infrastructure investment underpins plans unveiled by President Cyril Ramaphosa in October 2020 to boost the country\u2019s economic growth rate, after the biggest contraction in a century that year. Investment as a percentage of South Africa\u2019s gross domestic product has been in decline since 2016 and was projected to hit a record low of 12.2% last year, according to International Monetary Fund data published in February.<\/p>\n

Other SIPs have been put on hold due to funding gaps, according to the bank. Similarly, a R4 billion initiative for The South African National Space Agency to develop a Space Infrastructure Hub has made no progress, it said.<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. Almost a quarter of South Africa\u2019s R340 billion worth of strategic infrastructure projects have been delayed or put on hold, according to Standard Bank Group. The government 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 […]<\/p>\n","protected":false},"author":84,"featured_media":31259,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[274,315,251,840,275,803],"class_list":["post-31260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-south-africa","tag-economy","tag-infrastructure","tag-south-africa-2","tag-standard-bank"],"yoast_head":"\nAlmost a quarter of SA's key infrastructure projects hit by delays - South Africa<\/title>\n<meta name=\"description\" content=\"Almost a quarter of South Africa\u2019s R340 billion worth of strategic infrastructure projects have been delayed or put on h ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/almost-a-quarter-of-sas-key-infrastructure-projects-hit-by-delays\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Almost a quarter of SA's key infrastructure projects hit by delays\" \/>\n<meta property=\"og:description\" content=\"Almost a quarter of South Africa\u2019s R340 billion worth of strategic infrastructure projects have been delayed or put on h ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/almost-a-quarter-of-sas-key-infrastructure-projects-hit-by-delays\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-27T18:23:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-27T18:30:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/05\/postQueueImg_5-62911893aa2b3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/almost-a-quarter-of-sas-key-infrastructure-projects-hit-by-delays#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/almost-a-quarter-of-sas-key-infrastructure-projects-hit-by-delays\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Almost a quarter of SA’s key infrastructure projects hit by delays\",\"datePublished\":\"2022-05-27T18:23:41+00:00\",\"dateModified\":\"2022-05-27T18:30:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/almost-a-quarter-of-sas-key-infrastructure-projects-hit-by-delays\"},\"wordCount\":249,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/almost-a-quarter-of-sas-key-infrastructure-projects-hit-by-delays#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/05\/postQueueImg_5-62911893aa2b3.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"Economy\",\"infrastructure\",\"South-Africa\",\"standard bank\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/almost-a-quarter-of-sas-key-infrastructure-projects-hit-by-delays#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/almost-a-quarter-of-sas-key-infrastructure-projects-hit-by-delays\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/almost-a-quarter-of-sas-key-infrastructure-projects-hit-by-delays\",\"name\":\"Almost a quarter of SA's key infrastructure projects hit by delays - 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