Featured Post

PROFILE : My journey to Professional Registration - Innocent Gininda

Innocent Gininda shares his journey to becoming a registered Professional Engineer (PrEng), emphasizing the importance of mentorship, early preparation, and understanding ECSA requirements. He offers advice to aspiring PrEngs, highlighting the value of diverse feedback and a positive mindset. My journey to becoming a registered Professional Engineer (PrEng) culminated successfully in November 2024. I was fortunate to begin my career at a company with a Commitment and Undertaking (C&U) Agreement with ECSA and a robust mentorship program. This commitment to training engineers to the standard required for Professional Registration provided me with essential resources and a structured path to track my experience against ECSA requirements. Early exposure to these expectations instilled a positive outlook on registration and solidified my desire to achieve this milestone. My views on Professional Registration have remained consistently positive throughout this journey. Working alongside ...

REVIEW : Revised PPP framework can aid infrastructure investment

The revised regulations are designed to provide clarity on the institutional structures and responsibilities of stakeholders throughout the PPP project lifecycle. The objective is to facilitate private sector involvement in investment opportunities while acknowledging and addressing the potential risks associated with PPPs.

In February, the National Treasury sought public feedback on proposed amendments to National Treasury Regulations (NTR) 16 and key aspects of municipal public-private partnerships (PPPs) legislation. This review aimed to align regulations with recommendations based on a comprehensive review of the PPP framework.

The proposed changes establish two PPP pathways: one for high-value projects and a simplified version for projects valued below R2 billion. The amendments aim to improve project execution discipline by limiting accounting officers' ability to cancel valid projects while providing greater investment certainty.

Furthermore, the regulations aim to accommodate unsolicited proposals and establish a clear framework for the private sector to pursue projects under well-defined rules. A key advantage of PPPs is their ability to reduce the government's need for upfront capital investments in infrastructure service delivery.

However, one of the obstacles South Africa faces is the credibility crisis in the PPP market. Despite this, the country is well-positioned to attract private-sector investment for PPP projects, which are essential for electricity, water, and road infrastructure developments.


The full article can be read on ENGINEERING NEWS follow our Whatsapp channel here for more hardhatREVIEWS.

Comments