CESA WELCOMES R100BILLION SEED FUND FOR INFRASTRUCTURE

Consulting Engineers South
Africa (CESA) welcomes President Cyril Ramaphosa’s announcement during his
State of the Nation address of the R100billion SEED Fund for infrastructure
development.

Chris Campbell, CESA CEO
states, “We are hopeful that between the Development Bank of SA (DBSA) and the
new Department of Public Works and Infrastructure (DPW&I) they will ensure
that ‘value for money’, fair, transparent and cost-effective decisions will be
made to maximize the outcomes being pursued through this seed funding.”

Campbell states that these
elements are essential to instill business confidence leading to foreign
investor confidence for the further development of both social and economic
infrastructure. Infrastructure is a critical area of investment that supports
structural transformation, growth and job creation.

As the leading body of
Consulting Engineering companies in South Africa, comprising over 560-member
firms, who employ more than 21000 staff in the consulting engineering sector,
CESA stands willing and able to partner with Government through the
implementation of the National Development Plan in order to meet Vision 2030
and is encouraged by President Ramaphosa’s words that, “Now is the time for
implementation for a better South Africa.”

More information from Bonolo Nkgodi, Tel: 011 463 2022 /           Bonolo@cesa.co.za