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Godongwana says infrastructure reforms unlock projects worth R207 billion

Published

Finance Minister Enoch Godongwana said government is shifting spending from consumption to infrastructure investment. The Medium-Term Budget Policy Statement points to 68 projects in the public-private partnership (PPP) pipeline, 31 of them municipal.

Godongwana named four reforms: the Infrastructure Finance and Implementation Support Agency (IFISA), faster PPP approval, the Budget Facility for Infrastructure and a review of infrastructure conditional grants. IFISA has supported projects across all spheres of government since 1 April 2026. The R207 billion is the potential investment value of the projects it supports.

The Budget Facility for Infrastructure has approved more than R100 billion in fiscal support. The infrastructure bond has raised over R14 billion since its first issue in December 2025. Amended Municipal PPP Regulations will go to Parliament for a 30-day scrutiny period.

Between 2017/18 and 2023/24, R887 billion went to provinces and municipalities through infrastructure conditional grants. Godongwana said the review found that most funds are spent, but projects are often delayed, incomplete, or fail to deliver the intended benefits. National Treasury said the reforms will reduce underspending and speed up delivery.

Godongwana said on Wednesday: "Our goal is not simply to spend more, but to spend better."

Key facts

Who
Enoch Godongwana (Finance Minister); National Treasury (government department that published the MTBPS document); Infrastructure Finance and Implementation Support Agency (agency supporting infrastructure projects across all spheres of government…)
What
Finance Minister Enoch Godongwana said government is redirecting spending from consumption to infrastructure investment, citing the Infrastructure Finance and Implementation Support Agency (IFISA), PPP fast-tracking, the Budget Facility for Infrastructure and a review of infrastructure conditional grants. The article is in the Medium-Term Budget Policy Statement context.
When
21 October 2026
Where
South Africa
Status
Reported

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