The economic damage that has followed in the wake of legitimate government efforts to stave off the Covid-19 storm is becoming clearer by the day, along with how incredibly challenging it is going to be to navigate our way out of it.
Thousands of businesses are in grave peril and millions of jobs are at risk. Business confidence has fallen precipitously, and most major capital investments are either being delayed, deferred or cancelled as business leaders turn their attention from growth to survival.
This publication showcases some of those large-scale mining, industrial and infrastructure projects initiated well ahead of the Covid-19 lockdown. What is immediately clear from the pages that follow is that the stock of productive and infrastructure projects was already insufficient to not only address prevailing backlogs, but also stimulate the investment-led growth required to help this country deal with its serious social problems.
For that pipeline to be replenished in a way that is fully aligned with the needs of a post-pandemic world, more urgency is required to implement the much-needed structural reforms that would provide investors with the confidence they require to proceed with new fixed-investment projects.
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