MOVE SA FORWARD

been underscored time and again at the annual South Africa Investment Conferences. In 2022 alone, for example, some R367 billion was committed.

However, the private sector is far more than a strategic investment partner. In fact, the ability to implement most government programmes (aside from donor funding) is interdependent on the tax streams driven by a healthy macroand micro-economy.

For this reason, government should embrace the private sector as an equal and integral policy implementation partner. This is the winning formula that drives the world’s top performing countries that include the G7 – all major investors in South Africa.

Team SA

When Team SA comes together, there’s a win-win for everyone. A prime example is the award-winning Waterfall City mixed-use precinct in Gauteng, which when completed will accommodate some 28 000 residential units, as well as 2.5 million m2 of commercial and office space.

In its current stage of development, Waterfall City already contributes over R700 million annually in rates and taxes to the City of Johannesburg. And this is expected to exceed R1.5 billion per annum when all phases are completed.

These catalytic developments strengthen public and private sector synergies. They also serve as a working model for future IPP rollouts, and related ‘shovelready’ projects driven by the SA Infrastructure Fund.

Cover opportunity