Enza says it will take two years for construction industry to recover
Construction company expects public infrastructure projects to drive the industry
22 March 2021 - 14:24
The construction industry, ravaged by lack of work in recent years, will take up to two years to find its feet again, says Enza Construction Group’s executive director Clinton Crowie.
In recent years former construction giants such as Basil Read and Group Five collapsed, citing a lack of state infrastructure work after the 2010 World Cup. These companies also ran off high cost bases as they did work in faraway places, with Group Five investing in road concessions work in Hungary and Basil Read’s airport project in St Helena...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.