Murray & Roberts' return to profitability, after two years of losses, comes amid the completion of projects that have caused the company major pain.
Despite predictions that 2013 will restore some of the local construction sector’s profitability, the situation is as precarious as ever.
After hitting a 4 yr. high of 42 index points in 3Q2012, the FNB/BER construction confidence index fell to 36 in 4Q2012.
In today’s economy, tighter budgets mean that the demands around projects are more intense than ever before. To this end, the specialised skills of a project manager are extremely valuable when it comes to managing and controlling the variables that will influence the timeous and cost effective delivery of the project.
Although construction activity has consistently improved over the past two years, the growth in activity ratcheted up more significantly over the last six months.
At a time when many construction companies are struggling and downsizing, Big Ben Construction, a niche operator based at Century City, has not only survived but has more than tripled its turnover
Before taking any decision to start a state-owned construction company to build houses for the poor there should be a thorough investigation of why the present system of using contractors has left the country with a R50 billion account to repair shoddy buildings, says the Cape Chamber of Commerce and Industry
Aveng Grinaker-LTA's R245-million construction contract was undertaken in just 12 months using an innovative construction method that is not for the faint hearted
Considered the most remote island in the world, St Helena may have its first airport by 2015 thanks to local construction giant Basil Read