A lack of progress on National Development Plan implementation is killing off SA’s construction sector and hampering economic growth, says Master Builders’ Association North.
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.
Consulting Engineers South Africa (CESA) supports the clarion call to address institutional and regulatory barriers to business investment and growth, announced Finance Minister Pravin Gordhan during the Budget Speech.
Government and state-owned companies (SOCs) is set to spend R865.4 billion on public sector infrastructure, over the course of the next three years.
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.
Minister of Human Settlements Lindiwe Sisulu has ordered provinces and municipalities to settle the undisputed invoices for work done by contractors within seven days.
Speaking to reporters ahead of his tabling of the 2015 Medium Term Policy Budget Policy Statement (MTBPS) on Wednesday, the Finance Minister Nhlanhla Nene, said South Africa has made good progress in resolving its energy challenge.
State-owned companies continue to roll out infrastructure, National Treasury’s 2015 Medium Term Budget Policy Statement (MTBPS) has shown.
In his first full budget speech, Finance Minister Nhlanhla Nene referred to the government’s 9 strategic priorities, which we first at the state of the nation address (SONA) on 12 February 2015.