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%

المملكة العربية السعودية أخبار أخبار

Fifteen years ago, the construction sector was a money-printing machine: Murray & Roberts, Aveng, Basil Read, Group Five and WBHO made up the “big five”, racking up billions in profit. Since then, there’s been blood on the walls.

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.” ..

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 20. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Abandoned: Is it the end of SA’s construction industry?Fifteen years ago, SA’s blue chip construction firms dominated the JSE’s leaderboard. Since then, some have collapsed, or quit the industry. And more casualties could follow, write MarcHasenfuss, ClaireBisseker and robrose_za.
مصدر: FinancialMail - 🏆 20. / 63 اقرأ أكثر »

Abandoned: Is it the end of SA’s construction industry?Fifteen years ago, SA’s blue chip construction firms dominated the JSE’s leaderboard. Since then, some have collapsed, or quit the industry. And more casualties could follow, writes MarcHasenfuss, ClaireBisseker and robrose_za.
مصدر: FinancialMail - 🏆 20. / 63 اقرأ أكثر »

Abandoned: Is it the end of SA’s construction industry?Fifteen years ago, SA’s blue chip construction firms dominated the JSE’s leaderboard. Since then, some have collapsed, or quit the industry. And more casualties could follow
مصدر: FinancialMail - 🏆 20. / 63 اقرأ أكثر »

Abandoned: Is it the end of SA’s construction industry?Fifteen years ago, SA’s blue chip construction firms dominated the JSE’s leaderboard. Since then, some have collapsed, or quit the industry. And more casualties could follow, write MarcHasenfuss, ClaireBisseker and robrose_za.
مصدر: FinancialMail - 🏆 20. / 63 اقرأ أكثر »