https://newsletter.po.creamermedia.com
Deepening Democracy through Access to Information
Home / News / All News RSS ← Back
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Article Enquiry

UK’s Reeves announces South Africa infrastructure partnership to boost investment


Close

Embed Video

UK’s Reeves announces South Africa infrastructure partnership to boost investment

The Johannesburg skyline

18th July 2025

By: Bloomberg

SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

UK Chancellor Rachel Reeves announced an infrastructure partnership with the South African government to boost investment in Africa’s biggest economy.

The pact, announced in the South African port city of Durban on the sidelines of a Group of 20 meeting, is designed to speed up the delivery of major infrastructure projects in the nation as its scrambles to clear a backlog that’s hindering economic growth.

Advertisement

South Africa’s economy has grown at less than 1% a year on average for more than a decade.

Under the partnership, Reeves said, the UK will offer South Africa technical expertise to get a pipeline of projects ready for investment. She cited a similar program with Peru as a model for the collaboration.

Advertisement

“British expertise will be brought in to unblock these barriers on building, speeding up a pipeline of projects which British firms are well-placed to win tenders for,” the UK Treasury said in a statement on Thursday. “This will help growth and development in South Africa, and also help Britain get better return on its investments in the country.”

South African President Cyril Ramaphosa has estimated that the nation needs R4.8-trillion in public and private infrastructure investment by 2030 to meet its goals. The country’s Treasury has allocated R1-trillion to public infrastructure over the next three years.

South Africa’s public infrastructure deficit ranges from inadequate water treatment and supply facilities to a need for investment in power transmission lines and the rehabilitation of rundown city centers in major metropolitan areas such as Durban and Johannesburg.

The country’s minister of public works & infrastructure, Dean Macpherson, has stated that his department seeks to boost investment in cities through more private investment. He has bemoaned the fact that many municipalities return infrastructure allocations to the Treasury because they lack the expertise to implement projects.

“By injecting technical expertise and delivery support into stalled projects” through the partnership, the department aims to use neglected buildings and vacant state land to boost economic growth and create jobs, Macpherson said in the statement.

At $7.7-billion in two-way trade, the UK is South Africa’s seventh-biggest trading partner and one of its largest investors. It is also part of the Just Energy Transition Partnership between South Africa and some of the world’s richest nations. Under that agreement $8.3-billion in climate finance could flow to South Africa.

EMAIL THIS ARTICLE      SAVE THIS ARTICLE

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options

Email Registration Success

Thank you, you have successfully subscribed to one or more of Creamer Media’s email newsletters. You should start receiving the email newsletters in due course.

Our email newsletters may land in your junk or spam folder. To prevent this, kindly add newsletters@creamermedia.co.za to your address book or safe sender list. If you experience any issues with the receipt of our email newsletters, please email subscriptions@creamermedia.co.za