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.
Neresh Pather, President of Consulting Engineers South Africa and Keynote Speaker at the 8th Annual CESA Infrastructure Indaba, taking place at the Durban International Convention Centre, told the conference that during the course of 2019.
Following Finance Minister Tito Mboweni’s first budget, economist Dr Azar Jammine has raised hopes for a “major recovery” in the South African economy, but he warned it was unlikely to happen before 2021.
Labour issues, late payment and slow growth ‘catastrophic’ for the sector, says Master Builders’ Association North.
The success or failure of addressing South Africa’s energy, infrastructure and unemployment increasingly lies in the ability of government and business being able to work effectively together in public/private sector partnerships.