The Master Builders Association (MBA) North has broadly welcomed President Ramaphosa’s vision of massive infrastructure spending as the “flywheel” of South Africa’s recovery from the COVID-19 crisis.
Murray and Roberts will focus on three core sectors in future — underground mining, oil and gas, and power and water, says group.
South Africa's construction industry is not out of the woods yet, despite data pointing to an upward trend.
A nation’s physical infrastructure is one of the best indicators of its likely prosperity, infrastructure is a requirement for economic growth and prosperity.
Eskom said it is unlikely that the closure of the Medupi and Kusile construction sites for two weeks will have any impact on the delivery of the power stations on time.
Eskom defended itself against claims by Murray & Roberts of late payment for work done at the Medupi and Kusile power stations.
Construction materials supplier Afrimat expects earnings and headline earnings per share to be 20%-30% higher for the year to February as a result of lower costs.
Construction company results and higher steel demand show infrastructure is proceeding and will help the economy recover from the recession.
Eskom is confident it can save at least 10% of the costs of building the Medupi and Kusile power stations, chief officer for generation Brian Dames said.
France's Alstom announced that it has signed a contract worth about R1.6bn with Eskom to to retrofit the low-pressure turbines at Koeberg nuclear power station
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