Despite Covid-19, the lockdown and unusually high levels of rainfall in the last quarter of year ended 28 February 2021, manufacturer and supplier of bricks, Brikor Limited (JSE: BIK) substantially increased profit after taxation to R12,0 million (2020: 1,5 million) and gross profit to R65 million (2020: R62,5 million).
Meticulous coordination by Concor on the Oxford Parks Phase 2 project facilitated the smooth and simultaneous construction of the different buildings and was one of the reasons Concor won the Building Contractor category at Construction World’s Best Projects 2020.
Oxford Parks is an architectural focal point along Oxford Road in Rosebank. On completion, this site will house five buildings on a master basement structure.
Following the required pause during lockdown, construction has once again resumed on the Old Cape Quarter luxury mixed-use development, located at the popular Cape Quarter Precinct in De Waterkant.
When South Africa went into a hard lockdown on 27 March, government’s aim was to use the time to ramp up the readiness of healthcare facilities and hospitals around the country in preparation of the expected COVID-19 peak.
The Master Builders Association (MBA) North has broadly welcomed President Ramaphosa’s vision of massive infrastructure spending as the “flywheel” of South Africa’s recovery from the COVID-19 crisis.
Following two months of hard lockdown, the development of a 2 047-bed student village at the University of Fort Hare (UFH) has resumed this week.
As the construction industry gears up to return to work when the lockdown moves to Level 3 on 1 June, industry stakeholders need to come together to reach a consensus on a number of contentious issues, says Wayne Albertyn, Director of Gothic Construction and President of MBA North.
The Master Builders Association (MBA) North is calling on government to assist the industry by proactively engaging with the industry to firm up the lockdown regulations as they pertain to the construction industry as timeously as possible.