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.
Following extensive industry consultation, the Royal Institution of Chartered Surveyors (RICS) is tightening up requirements for RICS professionals and regulated firms working in the land, property and construction sector, with the publication of a new global professional statement on conflicts of interest.
The first month of 2017 saw building activity with regard to new private sector-financed housing in South Africa (see explanatory notes) contracting by a relatively large margin, based on data published by Statistics South Africa.
Consulting Engineers South Africa (CESA) and the National Treasury is hosting a seminar from 28 February to 01 March 2017 at Birchwood Hotel & OR Tambo Conference Centre, as part of a series of nationwide seminars to enhance and improve Public Sector procurement in the construction sector by designing a procurement system that is better able to deliver value for money, while minimizing the scope for corruption.
Stefanutti Stocks says its interim results to August reflect sustained market pressure in both the South African and regional construction sector.
Trade and Industry Minister Rob Davies is calling on the public to make comments on the draft Amended Construction Sector Code, which stipulates that at least 50% of black shareholding needs to be held by professionals.