Housing
Can Rail Beef Up South Africa’s Economy?
The president hopes to build transportation capacity to aid the crucial mining sector.
South African President Jacob Zuma is hoping to beef up the country’s economy by launching a major infrastructure-building program. He’s planning to invest nearly $40 billion to build water, road and rail infrastructure all over the country. Two-thirds will be dedicated to rail projects.
"For the year 2012 and beyond, we invite the nation to join government in a massive infrastructure development drive" he said during his State of the Nation address Thursday.