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Abandoned: Is it the end of SA’s construction industry?

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South Africa faces the real prospect of losing its once mighty construction sector within less than a decade.

To hear Mohau Mphomela describe it,

“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.” ..

 

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Abandoned: Is it the end of SA’s construction industry?In the past eight months, three of the biggest second-tier firms in the sector — those one rung lower than JSE-listed giants such as WBHO or Raubex, say — have either closed shop or succumbed to business rescue.
Source: FinancialMail - 🏆 20. / 63 Read more »