TRANSFORMATION IN CONSTRUCTION
Settlement a sign of thaw for builders
The glass is half full when it comes to SA’s construction industry. Growth has been like getting blood from a stone for the leading players — mainly those listed companies that voluntarily agreed on wide-ranging and potentially far-reaching changes to the industry in a settlement with the government. For an industry so browbeaten by the state through the Competition Commission, it is perhaps ironic that Rural Development and Land Reform Minister Gugile Nkwinti says it is the first economic sector to have undergone radical economic transformation. "The industry said let’s move on," he says. "It’s not so much a state-led economy as the state acting as a catalyst for transformation," Nkwinti says. "It is what government should do so that this radical economic transformation is a reality in all sectors of the economy. We must be prepared to work on transformation over a long time, without killing an industry," he says. Historically, the construction and engineering industry, which handl...
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