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KZN Flood Repair Could Top R12bln

SOUTH AFRICA
  • The government continues to attempt to gauge the cost of recent flooding across Durban, with the Durban Chamber of Commerce currently estimating R737mln, excluding the replacement value of property. The government still needs to restore water access to key business nodes to avoid “economic collapse”, according to a News24 report. Elsewhere, BusinessDay cites Zikalala as saying recovering from the floods will cost the area more than R12bln.
  • Construction industry reports continue to paint a poor picture of government efforts to support the sector, with Industry Insight writing that the government have failed to deliver on 62 mega construction projects worth a combined R360bln. The report adds that the rollout has been slow, with no meaningful uptick over the past 18 months, according to Moneyweb.
  • Daily Maverick writes that rolling power outages have been red-flagged all the way to April 2023 – and quite possibly longer. The piece adds that policy paralysis, politicking and ideological meandering have led to a quagmire of policy.
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  • The government continues to attempt to gauge the cost of recent flooding across Durban, with the Durban Chamber of Commerce currently estimating R737mln, excluding the replacement value of property. The government still needs to restore water access to key business nodes to avoid “economic collapse”, according to a News24 report. Elsewhere, BusinessDay cites Zikalala as saying recovering from the floods will cost the area more than R12bln.
  • Construction industry reports continue to paint a poor picture of government efforts to support the sector, with Industry Insight writing that the government have failed to deliver on 62 mega construction projects worth a combined R360bln. The report adds that the rollout has been slow, with no meaningful uptick over the past 18 months, according to Moneyweb.
  • Daily Maverick writes that rolling power outages have been red-flagged all the way to April 2023 – and quite possibly longer. The piece adds that policy paralysis, politicking and ideological meandering have led to a quagmire of policy.