News of yet another principal contractor entering business rescue with tens of millions in debt puts scores of sub-contractors at risk, says MBA North.
The first quarter of 2019 saw significant diverging trends at a segment level in private sector financed residential building activity in South Africa.
The National Home Builders Registration Council has appointed three new executives to strengthen its capacity – this includes Chief Operations Officer, Mr Otsile Maseng; Chief Financial Officer, Mr Songezo Booi and Chief Risk Officer, Ms Simphiwe Sitwayi.
Basic Education Minister Angie Motshekga will today hand over 42 toilets to the Ubuhle-Bemvelo Primary School in Mtubatuba, KwaZulu-Natal.
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.
Levels of building activity in the South African market for new housing remained subdued in 2018, which were much in line with trends since 2010 after the economy emerged from recession in 2008/09.
Consulting Engineers South Africa (CESA) is in full support of President of the Republic, Cyril Ramaphosa’s 2019 State of the Nation Address focusing on ‘Following up on our commitments: Making Your Future Work Better’.
Private sector-financed building activity (see explanatory note) in the South African market for new housing remained subdued in the first eleven months of 2018, based on data released by Statistics South Africa.