[spotlight] Delivering his budget speech on 22 February, Minister of Finance Enoch Godongwana focused on the major infrastructure - electricity, water, and municipal projects. This heavy focus is understandable given that spending on public sector infrastructure over the 2023 medium-term expenditure framework (MTEF) is estimated at R903 billion. Of this, state-owned enterprises (SOEs) and public entities are the largest contributors to capital investment, at a projected R 302.1 billion over the next three years. Over
