'More than R100 billion lost due to extortion construction industry'

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Some members of the construction industry say more than R100 billion has been lost due to extortion

The industry says it is grappling with a number of factors such as the decline in economic growth in the country, delayed payments from the public service, slow transformation and corruption.

President of Master Builders South Africa, Musa Shangase, says the extortion problem started in KwaZulu Natal in 2014 and has since spread to Gauteng and the Western Cape.Share article

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines