As a result of the lockdown in South Africa, 14% of construction companies permanently shut their doors, according to a survey by Statistics South Africa released in May 2020.
The sudden announcement of the lockdown by President Ramaphosa understandably raised serious and immediate concerns in the building industry.
The Building Industry Bargaining Council (BIBC) has urged employers to inform employees of the current status quo regarding their tax and retirement obligations, following the recent announcements made in Minister Pravin Gordhan’s budget vote speech.
The Building Industry Bargaining Council welcomes the mooted two-year delay in the introduction of the compulsory annuitisation of two-thirds of provident fund savings on retirement, but says it is vital that Finance Minister Pravin Gordhan sets the record straight on harmful myths and misconceptions about new tax amendments during his budget vote speech on Wednesday.
The Building Industry Bargaining Council (Cape of Good Hope) has announced another record payout. Following a recorded 31% increase in industry compliance, the leave and bonus payout to employees is in excess of R161 million - 23% higher than the previous year’s R131 million.
The Building Industry Bargaining Council (Cape of Good Hope) has announced the wage increases for the Building Industry applicable from 1 November 2015.
Construction workers in the Western Cape march to the Building Industry Bargaining Council to demand higher wages.
The Building Industry Bargaining Council (Cape of Good Hope) has announced the conclusion of wage negotiations, which began in May this year.
Responding to figures released by STATS SA, the Building Industry Bargaining Council estimates that a large part of the increase in building costs are actually due to the change in building regulations, which came about during 2011.