A lack of progress on National Development Plan implementation is killing off SA’s construction sector and hampering economic growth, says Master Builders’ Association North.
Today Construction Output, Construction New Orders and Construction Prices have been designated as National Statistics by the Office for Statistics Regulation (OSR).
Neresh Pather, President of Consulting Engineers South Africa and Keynote Speaker at the 8th Annual CESA Infrastructure Indaba, taking place at the Durban International Convention Centre, told the conference that during the course of 2019.
Following Finance Minister Tito Mboweni’s first budget, economist Dr Azar Jammine has raised hopes for a “major recovery” in the South African economy, but he warned it was unlikely to happen before 2021.
The Institute for Timber Construction South Africa (ITC-SA), the South African Qualifications Authority (SAQA) accredited professional body for the engineered timber construction sector in South Africa, has successfully developed an inspectorate process to assist Local Authorities, whose role is pivotal in the enforcement of compliance with the National Building Regulations (NBR).
Labour issues, late payment and slow growth ‘catastrophic’ for the sector, says Master Builders’ Association North.
The results of Consulting Engineers South Africa's (CESA) Bi-annual Economic and Capacity Survey for the period January to June 2018 recently released indicates positive news, that the construction sector has seen growth for the first time in six quarters.
Mace has released its latest tender cost update for Sub-Saharan Africa, showing mixed performances for the region’s two most prominent economies.
The gazetting of an amended Code of Good Practice on Broad-Based Black Economic Empowerment (BBBEE) specifically for the construction industry on 2 November 2017 opens up new opportunities for the industry, says Kwakho Mpepho, Education, Training and Transformation Manager at the Master Builders Association North.
Envisaged construction sector BEE codes have the potential to re-energise transformation while creating a platform for strategic growth at wide-awake building firms and contractors.