As a result of the lockdown in South Africa, 14% of construction companies permanently shut their doors, according to a survey by Statistics South Africa released in May 2020.

Business rescue is intended to provide a way for companies in financial trouble to return to profitable trading, thus saving jobs, preserving wealth and giving creditors a better return.

While Nigeria’s economic downturn created adverse conditions for international companies operating in the country, leading construction and property solutions company, Profica, adopted an astute approach to doing business that enabled them to weather the storm. 

Competition Tribunal is today due to confirm an immunity agreement JSE-listed construction group Aveng struck with the Competition Commission.

Thursday, 20 October 2016 14:09

Murray and Roberts joins voluntary deal

Murray & Roberts opts to participate in a R1.25bn 'voluntary' settlement agreement between construction companies.

Hybrid property developer and construction company Calgro M3, now bigger than Aveng, continues to shine in an industry few investors are willing to bet their money on.

Move to bring civil claims against construction firms which last year paid a collective R1.46bn fine for bid-rigging and collusion is gaining momentum.

African Development Bank denies that the bank is investigating possible collusion by construction companies in bank-financed projects in SA.

Tuesday, 28 August 2012 10:31

State construction co proposal - for real?

Before taking any decision to start a state-owned construction company to build houses for the poor there should be a thorough investigation of why the present system of using contractors has left the country with a R50 billion account to repair shoddy buildings, says the Cape Chamber of Commerce and Industry

Monday, 20 September 2010 02:00

Construction firms eye Africa as work dries up

South African construction companies are now pinning their hopes on projects elsewhere on the African continent and in other parts of the world.

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