The overall Johannesburg Stock Exchange index plummeted just over 6% in early trade and the rand also weakened by nearly 50 cents against the US dollar, this amid the worsening effect of the coronavirus on the global markets. South Africa is currently in a technical recession with growth forecasts revised to under 0.5%. Economists say the Reserve Bank will have to implement aggressive rate cuts to support the struggling economy.
Rocla Polokwane was recently contracted by a mining operation in Limpopo to manufacture a precast solution for a surface stockpile tunnel that was no longer structurally stable without temporary additional supports. This led to the loss of full...
In a recent webinar on South Africa’s construction sector, I was struck by how familiar the themes were, and how urgent they have become. The panel covered everything from interest rates and infrastructure backlogs to contractual disputes and green...
The Minister of Public Works and Infrastructure Dean Macpherson has welcomed Infrastructure South Africa’s contribution to the successful hosting of the South African Investment Conference in Sandton, last Tuesday. Macpherson also welcomed its role...