South Africa’s Economic Blueprint Lacks Funding Details, Mbeki Says

South African President Cyril Ramaphosa must provide details for how his plan to reboot an economy battered by the coronavirus through increased spending on infrastructure would be financed, former President Thabo Mbeki said.

Ramaphosa’s economic plan, anchored around boosting spending on projects and investing in new energy generation projects, doesn’t provide details on how its going to be financed, Mbeki said in an article published in the Sunday Times. The program launched last month risks being a “mere vision until resources are made available to enable their implementation,” according to Mbeki, under whose nine years in office the South African economy had its longest period of expansion since the end of World War II.