President outlines investment plans, including locomotive procurement consolidation

President Jacob Zuma stated during a question-and-answer session in the National Assembly that the Inter-Ministerial Committee on Investment would coordinate 40 priority investment projects aimed at job creation and growth. The President added that the Department of Public Enterprises and National Treasury would consolidate locomotive procurement into a single organization under Transnet to ensure efficiency and compliance with localization requirements. The government also planned to introduce legislative amendments regarding 30% set asides by March 2017.

The plans involve a major government initiative to stimulate economic activity through targeted investment projects. The consolidation of procurement under Transnet affects the management of national infrastructure and its compliance with local industry requirements.

The discussion covered two distinct issues: appeals against a High Court ruling regarding an inquiry, and the government's search for innovative ways to fund public health projects.