Watch as MBA North former President Jason Wilmot comments on the state of the construction industry after MBA North member Group 5 files for business rescue. On Monday last week, we saw the collapse of industry giant Group Five as it was put into business rescue with its stock being suspended after it filed for bankruptcy protection. There has been a significant decline of South African construction businesses and for more analysis on the construction industry, CNBC Africa is joined by Jason Wilmot, former President of Master Builders Association North and Serfaas Badenhorst, Portfolio Manager at Momentum Securities. »
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There is never a time when a construction company is not going to take at least a little risk with their projects. In that sense, it is no exaggeration to claim that an exhaustive risk management plan is a ‘must have’ in your construction operations.Read moreYou must log in to read the rest of this article. Please log in or register as a user.Username:Password:Log in RegisterForgotten username or password? »
As an industry, construction is one of the least digitized. It also faces a chronic problem of low productivity, the product of faulty planning and poor collaboration that cause delays and increase costs. Only about 50% of planned activities on a construction site are completed on schedule—no better than a coin toss. But by applying digital lean methods at the construction site, we estimate companies can improve their plan completion rate to more than 70%.Read moreYou must log in to read the rest of this article. Please log in or register as a user.Username:Password:Log in RegisterForgotten username or password? »
Technologies are transforming our lives and our world, impacting every type of infrastructure you can imagine. This shift requires new skills, such as greater creativity and innovation, better communication and collaboration, and more interdisciplinary specialists.Read moreYou must log in to read the rest of this article. Please log in or register as a user.Username:Password:Log in RegisterForgotten username or password? »
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