Renewed calls for the establishment of state-owned construction companies

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Construction industry associations have expressed serious doubts about the ability of a proposed state-owned construction company to eradicate the country’s infrastructure backlog. Moneyweb

Construction industry associations have expressed serious doubts about the ability of a proposed state-owned construction company to eradicate the country’s infrastructure backlog. This follows a debate in the National Council of Provinces last week on the “Creation of provincial and municipal owned-construction companies to eradicate infrastructure backlog and abolish tenders”.

Mfebe said this has been prompted by government spending billions annually on procuring public infrastructure and frustrations about the infrastructure backlog and its unaffordability, the non-inclusive nature of the construction industry in terms large contracts going to the established contractors and black contractors normally “picking up the crumbs and not the actual cake”.

 

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Commies settling in

Businesses not being run for profit, so who is going to pay for all of this?

God no..the GovernmentZA babas can't even manage a post office, now u wanna risk buildings

When will the state learn - create an enabling environment you cannot also participate ….. YOU DONT KNOW HOW

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