All eyes will be watching to see how the latest GDP figures impact the MPC’s interest rate decision next week, as well as eagerly awaiting the upcoming October Medium-Term Budget Policy Statement (MTBPS).

Government will in the coming months expedite the implementation of at least 50 infrastructure projects with a total investment value of more than R340 billion.

Failure by construction industry players to comply with Covid-19 hygiene regulations and protocols could lead to site shutdowns which the industry can ill afford, says Databuild CEO Morag Evans, given that it was already in a severe slump prior to the outbreak of the pandemic.

The Master Builders Association (MBA) North has broadly welcomed President Ramaphosa’s vision of massive infrastructure spending as the “flywheel” of South Africa’s recovery from the COVID-19 crisis.

Reports of the demise of the construction industry in South Africa are greatly exaggerated, says construction giant Grinaker-LTA.

Friday, 01 May 2020 10:22

Disappointment at S&P downgrade

Government has expressed disappointment at rating agency S&P’s decision to downgrade South Africa’s sovereign rating amidst the COVID-19 pandemic.

The sudden announcement of the lockdown by President Ramaphosa understandably raised serious and immediate concerns in the building industry.

Thursday, 02 April 2020 21:46

Sisulu calls for a suspension of evictions

The Minister of Human Settlements, Water and Sanitation, Lindiwe Sisulu, has appealed to municipalities and private property owners to suspend evictions during the current lockdown as a result of the COVID-19 pandemic.

In line with market expectation, the Reserve Bank has cut the repo rate by 100 basis points to 5.25% per annum, Governor Lesetja Kganyago announced on Thursday.

Wednesday, 18 March 2020 13:20

Attacq Limited - Response to COVID-19

On 15 March 2020, President Cyril Ramaphosa declared a National State of Disaster in response to the global Covid-19 pandemic.

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