WBHO sends out SOS over construction mafia and skills shortages
Breakdown in the rule of law ‘has increasingly become an obvious deterrent to investment’
31 October 2023 - 18:51
UPDATED 31 October 2023 - 23:10
Construction major WBHO says the local sector is grappling with multiple headwinds, ranging from marauding construction mafias and skills shortages to slow progress in infrastructure development, and has called on the government to act swiftly to quell these deterrents to business and investor confidence.
In a letter to shareholders published in the group’s latest annual report, chair Louwtjie Nel said that due to the decline in public fixed investment and low business confidence, the industry has shrunk nearly 40% over the past six years...
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