Despite SA’s embattled construction sector gearing up to benefit from a pickup in state infrastructure spending, it could still take two years for margins to recover after years of pressure from the weak economy compounded by Covid-19 trauma, state-focused Enza Construction says.
Many contractors have not survived, “so we are actually in an interesting stage, where there a few desperate contractors taking projects at low margins”, CEO Rowan Crowie told Business Day...
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