The announcement on the 15 June 2018 that Basil Read Construction is applying for business rescue is a clear indication of the critical state of the construction industry, says Mohau Mphomela, Executive Director, Master Builders Association North.
“Young people must take it upon themselves to ensure that they receive the highest education possible so that they can represent us well in future as future leaders.Education is the most powerful weapon which you can use to change the world,” proclaimed the late Former President Nelson Mandela.
Abland and Tiber, joint developers on the Sandton Gate precinct, have announced that they have broken ground on Phase 1 of the development with the bulk earthworks.
Johannesburg, 01 June 2018, Consulting Engineers South Africa (CESA) is concerned about the 75% increase in irregular municipal expenditure, from R16, 212 billion in the previous year to R28, 376 billion in the year under review, as reported in the recent Auditor General’s report.
The cost of global construction is set to rise by 4.3 percent during 2018 compared to 4.1 percent in 2017, as developers face the challenge of continued shortages of relevant skills to deliver an increasing number of projects, according to new research from global professional services firm Turner & Townsend.
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.
The results of Consulting Engineers South Africa's (CESA) Bi-annual Economic and Capacity Survey for the period June to December 2017 recently released indicate that expectations relating to industry confidence levels for the first six months of 2018 are still very positive increasing in the last six months of this year.
Construction and technology law firm and construction adjudication experts MDA Attorneys has reported an increase of 65% in the number of adjudications in the South Africa construction industry in 2017 compared to the previous year.
The NHBRC warns unsuspecting housing consumers against a letter allegedly sent out by Cosmopolitan Projects about guarantees on their completed homes.
The completion of the R360 million Admin Craft Basin (ACB) in the Port of Ngqura has opened up opportunities for revenue growth in this young developing port. The new structure will be home to the port’s three tugs and one pilot boat soon, freeing up Berth C101, which was designed to handle revenue generating vessels.