Despite SA’s embattled construction sector gearing up to benefit from a pickup in state infrastructure spending, it could still take two years for margins to recover after years of pressure from the weak economy compounded by Covid-19 trauma, state-focused Enza Construction says.
Many contractors have not survived, “so we are actually in an interesting stage, where there a few desperate contractors taking projects at low margins”, CEO Rowan Crowie told Business Day...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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