Private sector participation in commercial property sector to soar

Private sector participation in commercial property sector to soar

South Africa’s National Treasury has taken a significant step to streamline public-private partnerships (PPPs) by easing the approval process for projects under R2 billion. This change, which Finance Minister Enoch Godongwana gazetted in February, will come into effect in June this year, effectively removing the need for Treasury to approve smaller-scale PPPs. According to John...