Government plans are in place to spend more than R400 billion in developing and upgrading infrastructure, including public transport, in time for the 2010 FIFA World Cup.
However, government officials warn that runaway inflation could have a negative impact on spending plans. This emerged during a briefing by the Economic Cluster of Directors General to the media in Parliament.
Railway stations are in the process of being upgraded in all major cities around the country, national roads are being expanded and
But, theres only one problem, as far as infrastructure development is concerned, is the runaway inflation.
Trade and Industry department says it will clearly impact on government’s spending plans. Therefore Reserve Bank governor Tito Mboweni’s steps to contain inflation should be welcomed.
Trade and Industry department says it will clearly impact on government’s spending plans. Therefore Reserve Bank governor Tito Mboweni’s steps to contain inflation should be welcomed.
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