President Cyril Ramaphosa has reaffirmed government’s commitment to invest over R1 trillion in infrastructure development—targeting roads, ports, rail, energy, and water systems—over the next three years.
Presenting The Presidency Budget Vote for 2025/2026, Ramaphosa emphasized that infrastructure will be the “flywheel of economic growth,” with projects improving service delivery, reducing the cost of living, and driving job creation.
Key highlights include:
-
Public-private partnerships being made more accessible.
-
Continued work through the Infrastructure Fund and Operation Vulindlela.
-
Focus on inclusive growth, job creation, and building a capable state.
-
Adoption of a Medium-Term Development Plan by the new Government of National Unity (GNU).
-
Plans to boost tourism, digital payments, visa reform, and industrial diversification.
-
Support for critical minerals, hemp and cannabis commercialisation, and just energy transition, which has already secured R230 billion in international pledges.
Ramaphosa also noted significant improvement in electricity availability, with load shedding now rare, and said reforms are laying the groundwork for a competitive, cost-effective electricity market.
“Our most important priority is to grow the economy and create jobs,” Ramaphosa stated.
