Mike Lomas is heading for 10 years as CEO of Group Five, SA's third-largest construction group

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.

Construction group reports dismal results

Rand's gains take heavy toll on group

Construction companies concerned about the absence of a mention of promised infrastructure in the budget

CONSTRUCTION stocks were hit hard on Monday after Aveng warned its profit would fall by half. But the stampede lost momentum fairly quickly, and most of the shares in the sector, apart from Aveng, had recovered lost ground by the close of trade.

Warning triggers drop in share price

The public works department is compiling a transformation charter to boost black economic empowerment in the construction sector

Industry hoping for loosening of grip of strong rand

THE Construction Industry Development Board has published a draft code of conduct, which aims to improve the way construction contracts in SA are tendered for, awarded and executed.