It's one thing to focus on SA's long-term prospects. Be careful not to miss the forest for the trees. But what's to be done when the forest suddenly goes up in flames? asks Ron Derby.
High level clouds. Mild.
With the Covid-19 outbreak, it's uncertain whether certain civil construction projects planned by government will be able to go ahead as planned, says an economist.
Local construction projects are being impacted by indefinitely delayed shipments of material due to the novel coronavirus, says a director at a firm specialising in construction and technology law.
The brick contains bacteria colonies that grow when the atmosphere is humid. That could make it an ideal building material for a Mars settlement.
These women own South Africa's first eco-friendly brick company which manufactures bricks using sand and recycled plastic.
The construction equipment titan — a bellwether for global industry — posted a 6% drop in sales and an 8% drop in profit per share.
Group Five's business rescue plan will be executed in two phases and potentially save 3 000 to 3 500 jobs - but a large number of retrenchments are still expected, say business rescue practitioners.
The slow tender and procurement processes of the City of Cape Town are further crippling property development and the construction sector in the city, claims the Western Cape Property Development Forum.
It could mean cutting down on fixing errors on site, which they say accounts for approximatly 20% of costs.
The issue of delayed or non-payment of subcontractors by main contractors, within the South African construction industry is occurring at a more frequent rate.
Group Five is preparing a sale of three of its biggest subsidiaries as the former South African construction giant strives to salvage what it can from bankruptcy proceedings
The property development and construction sector is already under severe strain and a lack of intervention could see it decimated, warns an industry body.
PSG Asset Management has reduced its interest in construction company Stefanutti Stocks from 8.9% to 3.89%, just weeks after Sanlam Investments, too, reduced its interest in the construction firm.
Group Five has issued an update on its business rescue process for the month of November.
The group’s secured order book has increased by 8% to more than R9bn.
The majority of creditors of construction and engineering company Group Five, have voted in favour of the business rescue plan proposed by practitioners overseeing the process.
Nearly half of SA's construction enterprises are women-owned, says Boitumelo Thipe.
Globally, construction accounts for about 7% of employment, but 30-40% of all work-related fatalities, says Patrick Nwabueze Okonkwo.
Group Five's external auditor PwC has resigned from the construction company, which is in business rescue.
59.2% of all new residential properties constructed between January and March were flats and townhouses.
They’re meant to do the basic menial tasks of drivers, so humans can focus on the more complex work.
Western CapeMJL SolutionsR20 000.00 - R25 000.00 Per Month
Cape TownMass Staffing ProjectsR220 000.00 - R420 000.00 Per Year
Cape TownTumaini ConsultingR400 000.00 - R500 000.00 Per Year
R 3 700 000
R 3 300 000
R 2 950 000
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