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South Africa advances high-speed rail plans, allocating over R2.5B to SMEs and simplifying regulations to boost jobs and growth.
South Africa is moving forward with high-speed rail plans, targeting routes from Johannesburg to Musina and Durban to Johannesburg, following President Cyril Ramaphosa’s State of the Nation Address.
Nearly 30 companies have shown interest after a request for information, and the government will soon issue formal proposals.
Over R2.5 billion will be allocated to more than 180,000 small and medium enterprises, with R1 billion in guarantees prioritizing women- and youth-led businesses.
The government also pledged to simplify regulations and revise the Business Licensing Bill to improve access to credit and markets, aiming to boost job creation and economic growth.
Sudáfrica avanza en los planes de ferrocarriles de alta velocidad, asignando más de R2,5 mil millones a las PYME y simplificando las regulaciones para impulsar el empleo y el crecimiento.