Busa indicated South Africa spent only 0.6% of annual GDP on PPPs in the past 15 years, while other countries with superior economic growth such as India spent up to 1.1%.
Busa believes the business community at large has already shown an interest in deepening PPP relations with government.
"There is real interest from the private sector in more PPPs and a strong official commitment in this regard would therefore be welcome. We believe that strengthening the flow and predictability would further improve this interest in assisting with, for instance, the expeditious roll-out of quality infrastructure,"
via mg.co.za
Chris Hart has a counter argument.
"You can look at PPPs to supplement what government does but there is no model in the world where solely these partnerships provide meaningful economic growth," Hart said. "Furthermore, PPPs are not sustainable in the long run. The real solution to creating jobs in South Africa is to utilise the small business sector by assisting entrepreneurs and getting them to bring people into employment, which will have a knock-on effect of economic growth."
There must be a common meeting point here. PPPs can certainly help in developing regional businesses in depressed areas.
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