INFRASTRUCTURE
Plenty of promises, but not much faith
You can forgive the construction sector’s scepticism about infrastructure pledges, given how it’s been devastated since 2007. But if the Treasury is to be believed, the money is there
23 February 2023 - 08:14
If there’s one statistic that sticks out in the sea of numbers presented in this week’s budget, it’s that the real value of the construction sector in South Africa is still similar to what it was 14 years ago.
“Weak investment, low confidence, unsustainable undercutting on tender prices, and an increase in organised crime underpin the prolonged poor performance,” said the National Treasury this week...
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