Displaying items by tag: Construction Industry

It is imperative to the growth of the South African economy, and our social responsibility, that big businesses support small businesses within the construction industry, and give back to the community.

Highly complex contracts with performance milestones are the norm in the construction industry, particularly on big projects – a fertile breeding ground for disputes.

ATI continues its backing of Northern Cape Government skills programme through public private partnership that brings technical skills to the region.

Business rescue is intended to provide a way for companies in financial trouble to return to profitable trading, thus saving jobs, preserving wealth and giving creditors a better return.

AltX listed, Brikor Limited a manufacturer and supplier of building and construction materials which also mines clay and coal through its wholly owned subsidiary Ilangabi Investments 12 was in provisional liquidation just four years ago.

A growing trust deficit between the government and the private sector threatens to derail efforts to turn around the struggling construction sector, but government is intensifying its efforts to build meaningful relationships with the industry.

As a black-owned Level 1 B-BBEE certified company, we have always been an organisation that has gone above and beyond to attract people from previously disadvantaged communities to the construction sector as it is part of our philosophy of “building communities”.

Despite the headwinds facing the world economy, the global construction sector entered 2019 with significant momentum, having seen growth of five percent in 2018.

A group of construction industry stakeholders has urged the industry to return to basics in order to overcome its current challenges successfully.

As reported by Stats SA, many sectors in South Africa today are facing a downturn. In fact, the report states that construction, mining and trade are in recession with a 3.2% decline being the biggest quarterly fall in economic activity since 2009.