Group Five warns on skills shortage

Posted On Monday, 23 May 2005 02:00 Published by eProp Commercial Property News
Rate this item
(0 votes)

CONSTRUCTION company Group Five is concerned that a shortage of skills in the construction industry may negatively affect the massive infrastructure roll-out planned in SA over the next few years.

Mike LomasCONSTRUCTION company Group Five is concerned that a shortage of skills in the construction industry may negatively affect the massive infrastructure roll-out planned in SA over the next few years.

The concern over the skills shortage comes after the announcement of plans by government and the private sector to spend billions of rand to upgrade infrastructure and production facilities over the next five years.

With the Airports Company of SA having committed R3bn to upgrading airports, Eskom and Transnet spending R163bn on infrastructure, government having committed R2bn to developing stadiums for the 2010 Soccer World Cup and Telkom spending R4bn on its network, there is a worry that there are not enough skills in SA to cope.

The migration and retirement of skilled professionals saw the industry losing up to 60000 people since the 1980s, Group Five CEO Mike Lomas said. While there were new professionals coming into the industry, few people had the experience to participate in a R4bn project.

The last time SA saw such a large commitment to capital expenditure was in the 1970s. Back then the country had the option of importing skilled Europeans to work on large projects like the construction of the Saldanha port and railway link.

As there was a global shortage of construction skills, importing professionals to implement projects would not be easy, Lomas said.

 

Last modified on Saturday, 19 October 2013 10:55

Most Popular

Accelerate Property Fund sells Cherry Lane Shopping Centre for R60m

Mar 30, 2024
Cherry Lane Shopping Centre
Accelerate Property Fund sells Cherry Lane Shopping Centre for R60 million with Cadastral…

FNB Broker Business Confidence declines in 1st quarter of 2024

Mar 31, 2024
John Loos FNB Property Strategist
1st Quarter 2024 Property Sales Activity Survey –Brokers point to the commercial property…

Repo rate holds steady for 5th consecutive MPC meeting

Mar 27, 2024
FNB Estate Agent Survey Q1 2024
Today’s announcement by the Monetary Policy Committee (MPC) that the repo rate would…

Urbanisation drives demand for affordable housing in the Eastern Cape, TUHF

Mar 31, 2024
Letlatsa Lekhelebana_TUHF
Eastern Cape’s major metros are seeing an influx of people from surrounding rural areas,…

Please publish modules in offcanvas position.