Order books of construction contractors could become useless as a measure of business health in this sector with the apparent rise in the number of contracts gone wrong.
Construction analyst Llewellyn Lewis has long preached that 'something enormous is happening to the building and construction industry'
Construction group says it has a considerable war chest which it plans to use for further acquisitions, hinting that it would be looking offshore.
PUBLIC Works Minister Stella Sigcau said yesterday that 30% of the construction industry should be required to be in black hands by 2008, and the figure should be increased to more than 45% from 2009 onwards.
South African Minister of Public Works Stella Sigcau this week launched the South African Construction Industry Status Report.
Murray & Roberts (M&R), the listed building, construction and engineering group, has placed China firmly on its radar screens.

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