The specifics of the infrastructure fund, announced as part of South Africa’s stimulus package, will be announced in the February 2019 Budget.
The first phase will consist of building a 400-metre quay and 250,000 square metre yard extension as well as the development of a free zone to create a new regional trading hub.
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.
The National Home Builders Registration Council (NHBRC) is an agency of the National Human Settlements Department tasked with the responsibility to provide protection in terms of the Housing Consumers Protection Measures Act (Act No.95 of 1998).
Mace has released its latest tender cost update for Sub-Saharan Africa, showing mixed performances for the region’s two most prominent economies.
The Master Builders Association (MBA) North says that the continuing trend of main contractors delaying payment of their sub-contractors – or defaulting altogether – is a symptom of the deteriorating health of the construction industry.
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.
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 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.