Eskom is another of South Africa’s state-owned enterprises that had its outlook dropped from stable to negative last week. International ratings agency Fitch affirmed Eskom’s triple-B credit rating despite the negative outlook. This was similar to...
The Gauteng Department of Infrastructure Development (GDID) has cemented what it calls a ground-breaking agreement with its contractors to improve on project delivery. The agreement, which will put in place a set of radical measures aimed at...
Confidence in the civil construction industry has taken a dive in the last quarter of 2016, bringing it to its lowest since the beginning of 2012, barring Q1 of 2016. Following a cumulative 24 index point rise during 2Q2016 and 3Q2016, the FNB/BER...
SA’s construction industry continues to face tough times amid labour unrest, a tough economic climate and lower revenue, according to PwC’s latest Construction Report. Andries Rossouw, PwC’s assurance partner highlighted the economic challenges...
