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

Portugal Notícia Notícia

Abandoned: Is it the end of SA’s construction industry?
Portugal Últimas Notícias,Portugal Manchetes

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.

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

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.” ..

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

FinancialMail /  🏆 20. in PT
 

Portugal Últimas Notícias, Portugal Manchetes



Render Time: 2025-01-16 11:21:17