Towards an infrastructure investment social accord
In the last session of the second annual Economic Development Programme conference hosted by the Economic Development Department, a series of remarkable commitments emerged from business and labour leaders, on government’s Infrastructure Investment Plan.
The session chair and convener of the Economic Development Conference, Minister Ebrahim Patel posed a series of questions to the panelists focused around commitment to the plan and the commitments sectors were willing to make . The panel consisted of:
- Bobby Godsell, President, Business Leadership South Africa
- Zwelinvima Vavi, General Secretary, Congress of South African Trade Unions,
- Ndaba Ntsele, President, Black Business Council
Bobby Godsell representing Business Leadership South Africa argued that the long term nature of the infrastructure investment framework provided the space for business to think about the next twenty years as opposed to the next quarter. In turn, he argued that the private sector should “seek a realistic and sensible” rate of return. The rate of return he ventured would be a real return, but would be in single digits.