Transformation of the construction and property sector has started in earnest and is gaining momentum, Public Works Minister Nathi Nhleko said on Tuesday. Delivering his budget vote speech in Parliament, Nhleko said the construction sector codes and charter would be launched during the current financial year. He said all initiatives aimed at transforming the procurement processes would be in line with the charter. Transformation has generally been very slow in the construction and property sector. Six of SA’s leading construction and engineering firms recently said they would collectively pay R1.25bn to accelerate transformation in the construction sector as part of a settlement deal relating to collusion claims in the industry. The South African Institute of Black Property Practitioners has previously called on the Department of Public Works to put in place policies to help black practitioners break into the lucrative industry. Nhleko said his department would finalise the baseline...
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