Aveng's plans line it up for government business

Posted On Monday, 12 July 2004 02:00 Published by Commercial Property News
Rate this item
(0 votes)

THE construction sector would do well to introduce black economic empowerment partners as soon as possible because some large government contracts are expected to be put out to tender in the next year or so.

Aveng Grinaker LTASo it is encouraging to be told by Aveng, SA's largest construction group, that it is in the final stages of an empowerment deal.

If Aveng is the first in its sector to conclude an empowerment deal it would probably have an advantage over its rivals, and a large contract would be welcome for Aveng, whose order book has dipped in the past year or so.

Yet it should be noted that government has been awarding construction contracts to companies that are not empowered none of SA's big construction groups has a significant black shareholding at group level. Perhaps the practice will continue.

The issue, meanwhile, raises questions over government's own performance on empowerment when it comes to procurement policy.

More progress on empowerment deals in the sector is expected after a construction sector meeting, where a sector charter will be a central agenda item. But a date has not yet been set for the meeting, which was expected to have taken place early this year.

Last modified on Friday, 21 June 2013 22:38

Most Popular

Property sales and development in Cape Town’s East City precinct healthy despite pandemic

Sep 01, 2020
Just nine months after launching to market, 63% of The Harri, a new 48-unit apartment…

Realising the potential of embattled Cape York

Sep 01, 2020
Previously owned by the Bank of Mozambique and abandoned, Cape York had been hijacked and…

Minister de Lille applauds Women in Construction at 2020 ERWIC Awards

Aug 31, 2020
Patricia De Lille
“Women in SA need to be given the opportunity to participate meaningfully, including in…

Business parks thrive as industrial tenants seek value

Sep 10, 2020
Rael Levitt
Business parks are coming into their own as a viable asset class in commercial real…

Creativity on the march across retail landscape

Sep 14, 2020
Belinda Clur MD
Creativity is on the march across the retail landscape as sector players get to grips…

Please publish modules in offcanvas position.