Industry body Cement & Concrete South Africa says the entire local sector is in crisis, due to a “toxic cocktail of factors” including the construction mafia threat. “The fact is that it [the construction mafia] is having an effect on the construction industry. Tenders are purposefully being delayed; projects are also being delayed or halted as a result,” CCSA CEO Bryan Perrie tells Moneyweb.
Meanwhile, the CCSA warns that the cement and concrete industry is being threatened by other challenges, including those of economic decline, cheap imports and environmental issues. “In addition to the general economic downturn and decline in investor confidence, the sector was hit hard by the Covid-19 pandemic lockdown.
NDL_ndumeey Hi Nondumiso, thank you for the article! Are they other construction materials you are likely to see being cornered by the construction mafia ?
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Black participation in petroleum industry should be enhanced in bill, MPs advisedExploration costs are likely to exclude the previously disadvantaged, an industry body says Legislate the inclusion.. recipe for disaster. Grow on merit and drop the crap. No blacks supplying the lucrative Eskom diesel contracts?
Source: BDliveSA - 🏆 12. / 63 Read more »
ROB ROSE: Can South Africa avoid a wave of company collapses?A toxic economy has felled many of South Africa's largest firms in recent years and yet, thanks to an imperceptible resilience, many have toughed it out, writes robrose_za.
Source: FinancialMail - 🏆 20. / 63 Read more »
Source: SABCNews - 🏆 37. / 51 Read more »