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

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Abandoned: Is it the end of SA’s construction industry?
مصر أحدث الأخبار,مصر عناوين

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.

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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.” ..

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