BNC#9 | Dean Macpherson: SA has a trillion rand for infrastructure, but it can't spend it (yet)

South Africa has budgeted a trillion rand for infrastructure over the next three years. It's spending less than it did twelve months ago. Public Works and Infrastructure Minister Dean Macpherson lays out why: a tender system that awards roughly one in six bids, a construction mafia that until recently shut down sites almost daily, and a state entity that was bankrupt and whose boss allegedly tried…