Metro’s capital expenditure related to infrastructure down 5 percent in September 2021
Actual capital expenditure by metropolitan areas on infrastructure related items, such as housing, roads, water and energy fell by 5 percent y-y in September 2021, despite an 11 percent increase in budgetary allocations for the 2021/22 period to R24.8bn. Metro’s managed to spend only 75 percent of their “construction related capital expenditure budgets” in the…
