Let’s not be fooled by political rhetoric. Regardless of party politics, “Rome is burning”, and desperate intervention is required across the board (both from the public and private sector as well as civic society at large) to rescue the industry and place it back in its rightful place as the leading catalyst to economic and social development in South Africa. South African built environment professionals and contractors have a reputation around the world at being at the cutting edge of technological advancement with a strong work ethic. We have a reputation of getting things done. Historically our professionals and contractors have proven time and time again their capabilities and capaci... »
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Well-planned and prioritised infrastructure investment improves productivity, engenders competitiveness and contributes to long-term sustainable economic growth. Nevertheless, the extent of realising these benefits from infrastructure investment varies considerably across sectors, by regions and by level of regulatory and institutional maturity. Producing the greatest impact from infrastructure investment requires governments to formulate medium- and long-term infrastructure plans, and subsequently translate these plans into a prioritised and actionable projects pipeline. The formulation of infrastructure plans involves: a systematic assessment of critical infrastructure gaps; identificatio... »
2019 is not yet halfway but the industry has already experienced a lot of causalities with Group 5 as the latest of companies to file for liquidation question that bogs the mind is ,do we need a foreign “saviour” in Africa to resuscitate our construction industry? China is establishing itself as a global construction and infrastructure powerhouse. Chinese investments abroad have been rising fast since the government launched the “Go Out Policy” in 1999. In 2014 alone, China’s outbound capital flows increased 14 percent, to nearly $103 billion. While companies headquartered in other countries such as the US and Japan remain major players on the global stage, the pace of growth of... »
As project preparation costs can vary widely, these cost figures are only indicative and are based on the following factors: project size and complexity; geographic location(s); degree of technical detailing required; social and environmental impacts; and the extent of upstream preparation required. While the majority of funding for project preparation is through government budgets, national and sub-national PDFs and PPFs developed by MDBs and other multilateral entities are also being used. PDFS AND PPFS: WHAT ARE THEY? Many countries have set up central PDFs to provide dedicated financing for conducting feasibility studies, transaction advisory support for projects and to help counter capa... »
Globally, governments are accountable for the development of infrastructure and the delivery of basic services in an affordable and inclusive manner. The ability of governments to nurture a conducive enabling environment for infrastructure investment has often been found to be a key differentiator between countries that successfully scale up infrastructure and those that face challenges in doing so. Read moreYou must log in to read the rest of this article. Please log in or register to join our community.Username:Password:Log in RegisterForgotten username or password? »
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Once a tender has been won and awarded the project must be carried out. Here it must be noted that a construction project is not as straight forward as buying and selling where one buys something, adds on a profit […]
There’s been a spate of building collapses in Lagos, Nigeria. In some cases, people have died. In one instance a building had been marked for demolition at least three times. There are also concerns about hundreds of other buildings in the city.
There’s been a spate of building collapses in Lagos, Nigeria. In some cases, people have died. In one instance a building had been marked for demolition at least three times. There are also concerns about hundreds of other buildings in the city. The Conversation Africa’s Moina Spooner spoke to Ndubisi Onwuanyi about this.
Bureaucratic delays in getting property developments under way has badly damaged the development and construction industry, prompting a crisis.
About half of the low-rise building collapsed around midday on Thursday, crushing construction workers under piles of toppled concrete pillars and shattered wooden beams
SHANGHAI – The death toll in the collapse of a Shanghai commercial building that was undergoing renovation rose to 10 overnight after three more victims were added to the grim tally, the city government said Friday.
With three of South Africa’s large construction companies having gone bankrupt in the last few months, many are questioning the future of the sector. However, while the deterioration of these companies may have hurt those investors exposed to them, it has left the gate open for o…[Read more]
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