South Africa’s Infrastructure Future Depends On Fixing Bankability, Not Capital Allocation

South Africa's ambitious infrastructure investment target of R3 trillion over the next five years hangs in the balance, as the country struggles to secure the necessary funding. Efforts to improve bankability, including policy initiatives such as Operation Vulindlela and the National Logistics Crisis Centre, have undoubtedly accelerated progress, but a significant gap remains. The government's goal to modernize transport and logistics systems, estimated to require R13 trillion, now appears increasingly dependent on successfully bridging this funding gap.