Construction transformation deal held up by Sanral delay
The government’s settlement agreement with seven major construction companies to fast-track transformation in the industry is being held up. In an announcement on October 13, Murray & Roberts said the settlement agreement was conditional on the South African National Roads Agency Limited (Sanral) withdrawing its claims against the construction companies, after which it then became binding. But the group said on Thursday all claims against the companies by Sanral had not been relinquished. Murray & Roberts was the last of seven construction and engineering groups that had agreed to "voluntarily" pay R1.5bn over 12 years into a transformation trust administered by the government, the companies and the South African Forum of Civil Engineering Contractors. The government has not yet made the agreement public and companies have said they were bound by confidentiality. Economic Development Minister Ebrahim Patel said on Thursday that there was still a "formal process" taking place.
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