Construction industry has taken a dip since the boom brought on by the 2010 Soccer World Cup, says PricewaterhouseCoopers.
Development has come to the community of Ndumo, located between KwaZuluNatal and Mozambique, in the form of the R1.5 billion Inkululeko Development Project.
The Master Builders Association of the Western Cape (MBAWC), a registered trade association for employers in the building industry, has welcomed the Infrastructure Development Bill that was recently introduced to Parliament by Minister of Economic Development, Ebrahim Patel.
Government's major infrastructure programme is likely to be better co-ordinated and to take place over a longer time frame than projects before the 2010 World Cup, says Group Five CEO Mike Upton.
A proposed law meant to fast-track the implementation of the government's infrastructure development plan was introduced in the National Assembly by Economic Development Minister Ebrahim Patel on Wednesday.
The construction industry should be allowed to move on and leave collusive behaviour firmly in the past‚ says WBHO chairman Mike Wylie.
About 180,000 people have found work through government's infrastructure programme up to March this year, according to Economic Development Minister Ebrahim Patel.
KPMG says an increase in order books and margins underscores renewed optimism in the global construction industry.
Although government considers the construction sector as part of the country’s economic fibre, the sector is confronted with major delivery challenges, says Public Enterprises Minister Malusi Gigaba.
Banks’ limited ability to finance long-term projects opens up opportunities for other types of funders to make returns and help SA implement its R3.4-trillion infrastructure programme.