The eThekwini municipality’s 2010/2011 budget performance report revealed that it had underspent by about R2 billion, according to a report last Thursday. The budget report also showed that the municipality recently borrowed R1 billion to...
The National Treasury has welcomed the International Monetary Fund’s (IMF’s) assessment, in its latest report on South Africa, that the country has a stable and resilient economy but one that could do much better. The IMF released the...
Renowned foreign developer, Douglas Lund, has brought his expertise to South Africa where he’s involved in a number of developments in the Free State capital, Bloemfontein. British-born Lund has been involved in developmental projects across...
The slow pace of economic growth along with government delays in awarding tenders continue to limit the recovery of the local infrastructure and construction sector. The downturn may have given some respite to the scarce skills shortage. However,...
