Infrastructure: South Africa sends calling card from Davos to global investors, says Pinsent Masons
24 Jan 2013 | 03:47 pm |
In response to South African President Jacob Zuma's comment on the need to implement much needed infrastructure programmes across the African continent at the World Economic Forum's (WEF's) annual meeting in Davos, Richard Laudy, Global Head of Infrastructure at international law firm, Pinsent Masons, said:
"The need for upgrades to essential infrastructure across the African continent is clear, but the government of South Africa as well as other African states need a coordinated approach to bringing large scale private investment into infrastructure.
"There is an urgent need to implement modern approaches to public and private partnerships that enable private investment in infrastructure that will not only fund new infrastructure but help modernise procurement and improve the certainty of delivery of major infrastructure projects.
"This has already been proven on South Africa's current renewable energy programme which has benefited from private investment and modernised procurement practices."
Richard Laudy and a team of infrastructure experts in procurement, funding and finance and delivery are currently in Johannesburg talking with major infrastructure corporations about the need to modernise procurement to unlock much needed private investment.
Richard said: "South Africa's credit rating has already been downgraded by all three of the major rating agencies, so the prospect of government funding of new infrastructure is now more limited.
"Without this essential modernisation of procurement practices for infrastructure, growth and prospects for Africa will be constrained."
-Ends-
For further information please contact:
Arti Mohan, PR Advisor
Tel: 020 7418 7106
Email: [email protected]
Key Contacts
Latest press releases
Show me all press releasesPinsent Masons is successful with City of Munich landmark Oktoberfest appeal
Multinational law firm Pinsent Masons is advising the City of Munich in appeal proceedings brought by the organisers of a planned Oktoberfest event in Dubai. The organisers provided cease-and-desist undertakings, thereby in effect accepting a preliminary injunction issued in this landmark case by the District Court in favour of the City of Munich.
Pinsent Masons advises Northern Gritstone on £215m fund raising
Multinational law firm Pinsent Masons has advised the new investment business Northern Gritstone, founded by the Universities of Leeds, Manchester and Sheffield, on its £215m fund raising.
Pinsent Masons appoints new head of China
Multinational law firm Pinsent Masons has appointed financial services partner Kanyi Lui as Head of China following the implementation of a refreshed leadership structure for the firm’s Asia Pacific network.
People who viewed this press release also viewed
Show me all press releasesNeil Black named as head of Pinsent Masons’ Manchester office
Multinational law firm Pinsent Masons has appointed employment partner, Neil Black, as the new head of its Manchester office.
Pinsent Masons promotes 23 to its partnership
Multinational law firm Pinsent Masons has promoted 23 to partner, effective as of 1 May, strengthening its partnership outside of traditional legal services and underscoring its strategic aim to build a purpose-led, professional services business with law at the core.
Pinsent Masons advises Rcapital on the acquisition of the Nasmyth Group
Multinational law firm Pinsent Masons has advised Rcapital on the acquisition of Nasmyth Group, a leading provider of specialist precision engineering services to the aerospace industry.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]