Business rescue is intended to provide a way for companies in financial trouble to return to profitable trading, thus saving jobs, preserving wealth and giving creditors a better return.

AltX listed, Brikor Limited a manufacturer and supplier of building and construction materials which also mines clay and coal through its wholly owned subsidiary Ilangabi Investments 12 was in provisional liquidation just four years ago.

-As a black-owned Level 1 B-BBEE certified company, we have always been an organisation that has gone above and beyond to attract people from previously disadvantaged communities to the construction sector as it is part of our philosophy of “building communities”.

Tuesday, 03 September 2019 11:37

SA’s GDP grows by 3.1% in second quarter

South Africa’s gross domestic product increased by 3.1% in the second quarter of 2019, Statistician General Risenga Maluleke revealed on Tuesday.

Despite the headwinds facing the world economy, the global construction sector entered 2019 with significant momentum, having seen growth of five percent in 2018.

A group of construction industry stakeholders has urged the industry to return to basics in order to overcome its current challenges successfully.

Growthpoint Properties’ multi-million-rand 144 Oxford Road development is set for completion in October 2019, establishing a new landmark office address in Rosebank with a uniquely elastic design that supports modern businesses to thrive and evolve.

News of yet another principal contractor entering business rescue with tens of millions in debt puts scores of sub-contractors at risk, says MBA North.

Climate change is a trending topic that is gaining momentum. With movements like 16-year old Greta Thunberg’s Fridays for the Future gaining notoriety this is something that we need to address.

The Master Builders Association (MBA) North says that the continuing trend of main contractors delaying payment of their sub-contractors – or defaulting altogether – is a symptom of the deteriorating health of the construction industry.

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