Picture: 123RF STOCK PHOTO
Picture: 123RF STOCK PHOTO

SA's construction industry has been hobbled in recent years by a lack of infrastructure spending, tepid economic growth and slow payments by the private and public sectors, Stefanutti Stocks' annual results lay this picture bare.

For the full year, it's reported a net loss of R111m and to date the group's current liabilities exceed current assets by R301m.

Stefanutti Stocks CEO Willie Meyburgh sat down with Business Day TV for a closer look at how the tough operating environment is impacting the group's strategy.

Stefanutti Stocks CEO Willie Meyburgh talks to Business Day TV about the challenges facing the SA construction sector.

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