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

  • 📰 FinancialMail
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.

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.” ..

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:

 /  🏆 20. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines