A growing trust deficit between the government and the private sector threatens to derail efforts to turn around the struggling construction sector, but government is intensifying its efforts to build meaningful relationships with the industry.
The World Economic Forum for Africa, which took place in Cape Town, South Africa in early September 2019, focused on the theme of shaping inclusive growth and shared futures in the Fourth Industrial Revolution.
News of yet another principal contractor entering business rescue with tens of millions in debt puts scores of sub-contractors at risk, says MBA North.
The National Home Builders Registration Council (NHBRC) has deregistered seventeen (17) contractors and builders from its database of approved homebuilders following the outcome of the disciplinary hearing processes.
It is nearly universally accepted that good infrastructure has significant benefits for the economy and peoples’ quality of life. Kenya currently has a predicted annual infrastructure spend of US$6.5bn a year by 2030.
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.
The Transport Department has transferred R5.7 billion in its medium-term budget appropriation to the toll road network of the South African National Roads Agency (SANRAL).
President Cyril Ramaphosa says the financial and operational challenges faced by power utility Eskom are not caused by the Independent Power Producer (IPP) programme.
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.