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Category: Economic Sector

06 November

What Happened to Cyril Ramaphosa’s R100-Billion Infrastructure Fund? If you’re actively involved in the construction industry, then you might have remembered President Cyril Ramaphosa announcing his plans to help move South Africa forward. Given that both 2018 and the first quarter of 2019 has displayed nearly two complete years of the construction industry contributing to […]

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06 November

Stronger Trade Agreements, Including Construction Materials, Between SA and Vietnam to Benefit Both Countries in the Future Vietnam’s Deputy Prime Minister, Dr. Vuong Dinh Hue, made his way to South Africa the past weekend to lead delegation to the country. The minister has also visited Nigeria and Cameroon before making his way to South Africa. […]

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05 November

The Topic Surrounding the Seizing of Land in South Africa without Compensation – Update A draft of the Expropriation Bill of 2019 was published on the 21st of December 2018. The Department of Public Works published the draft in the Government Gazette with the purpose to relay information to others, which includes the enabling legislation […]

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31 October

How the South African Government Can Help the Construction Industry The South African construction industry leads with some impressive projects that are both innovative and unique, setting the bar for nations abroad. Due to factors affecting the industry negatively, however, including poor economic growth, it requires a little more help to maintain itself and ultimately, […]

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28 October

Group Five’s Subsidiary Sale Allows the Enterprise to Save Many Jobs Thanks to a successful subsidiary sale of the Group Five Construction enterprise, up to 500 jobs were saved. The sale was made to Teichmann Group, a Mauritian construction enterprise. Group Five’s two main business rescue practitioners (BRP’s), David Lake and Peter van Steen, have […]

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17 October

54% of Mining Jobs At Risk – Added Pressure on the Government to Protect Potential Mining Jobs Losses The mining sector has been South Africa’s leading sector and job creator, massively contributing to a positive and growing economy. However, now it is losing its number one spot, urging the government to take serious action to […]

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15 October

Two Power Plants Could Potentially Bring Eskom to an End With South Africa facing a crisis in 2007, which has escalated on and off every passing year since, along with power shortages in the country adding to the country’s problems, it seems to be facing yet another problem. This one, however, is extremely big and […]

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02 October

Job Losses Contributing to Worsened Problems in South Africa, Causing Strain on the Construction and Manufacturing Industries In 2019, South Africa has experienced some of the worst unemployment rates in its history. On a global scale, the country has even ranked among the top ten countries with the highest unemployment rate in the world. This […]

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27 September

Government in Trouble for Owing Over R5.5 Billion to Construction Contractors It’s a bitter pill to swallow, to think that the South African government continues to have a hand in corruption continuing to take place in the country. Although corruption has persisted in the country, and can simply not be removed entirely overnight, it is […]

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19 September

Why South African Companies are Investing in the Economy Local companies have shied away from investing in the South African economy, and haven’t invested in nearly three years. In August and September, the economy has grown for the very first time since 2017. One explanation for their investments, are because of IPP projects finally commencing […]

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