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.
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.
Corobrik’s dedication to improving the lives of disadvantaged community members through training programmes continues to grow with the implementation of a nine-week bricklayer course.
Stefanutti Stocks halts road works in Nigeria‚ echoing nonpayment problems Raubex reported in Zambia.
Government’s settlement agreement with seven major construction companies to fast track transformation in the industry is being held up.
Government reaches agreement with seven listed construction groups found to have participated in collusion.
Competition Tribunal is today due to confirm an immunity agreement JSE-listed construction group Aveng struck with the Competition Commission.
New Skyward Windows factory in the Western Cape replaces imports, creates jobs, and makes energy efficient housing more affordable.
South African construction firms are are well placed to compete for mining and energy contracts in Africa, says Global Credit Rating.
Move to bring civil claims against construction firms which last year paid a collective R1.46bn fine for bid-rigging and collusion is gaining momentum.