To hear Mohau Mphomela describe it, South Africa faces the real prospect of losing its once mighty construction sector within less than a decade.
“In five years’ time, the builder of South Africa will be China,” he tells the FM. “They are waiting to come in with cheap labour and cheap materials. Before we realise it, we’ll be like Kenya — you just have to see the highways being built there. Or the roads and infrastructure built by China in Uganda.” ..
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Abandoned: Is it the end of SA’s construction industry?Fifteen years ago, the construction sector was a money-printing machine: Murray & Roberts, Aveng, Basil Read, Group Five and WBHO made up the “big five”, racking up billions in profit. Since then, there’s been blood on the walls.
Source: FinancialMail - 🏆 20. / 63 Read more »
Abandoned: Is it the end of SA’s construction industry?Fifteen years ago, SA’s blue chip construction firms dominated the JSE’s leaderboard. Since then, some have collapsed, or quit the industry. And more casualties could follow, writes MarcHasenfuss, ClaireBisseker and robrose_za.
Source: FinancialMail - 🏆 20. / 63 Read more »
Abandoned: Is it the end of SA’s construction industry?Fifteen years ago, SA’s blue chip construction firms dominated the JSE’s leaderboard. Since then, some have collapsed, or quit the industry. And more casualties could follow
Source: FinancialMail - 🏆 20. / 63 Read more »
Abandoned: Is it the end of SA’s construction industry?Fifteen years ago, SA’s blue chip construction firms dominated the JSE’s leaderboard. Since then, some have collapsed, or quit the industry. And more casualties could follow
Source: FinancialMail - 🏆 20. / 63 Read more »
Abandoned: Is it the end of SA’s construction industry?Fifteen years ago, SA’s blue chip construction firms dominated the JSE’s leaderboard. Since then, some have collapsed, or quit the industry. And more casualties could follow, write MarcHasenfuss, ClaireBisseker and robrose_za.
Source: FinancialMail - 🏆 20. / 63 Read more »