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  • ESKOM PENSION & PROVIDENT FUND INVEST IN AFFORDABLE HOUSING SECTOR

    The Eskom Pension and Provident Fund has committed R100 million to the development of around 20 000 new affordable homes in South Africa, through an investment in global private equity funder, International Housing Solutions, which is good news for the building industry sector. Sibusiso Luthuli, chief executive of the Eskom Pension and Provident Fund, says the affordable housing sector has shown its ability to improve the social circumstances of thousands of South Africans, as well as provide superior returns to investors in the sector.

  • INDUSTRY FACES CONSTRAINTS DUE TO LACK OF SKILLS

    South Africa's infrastructure investment and roll-out ambitions face a significant capacity challenge as local government experiences a constraint in the availability of architects, engineers, project managers and financial managers.

  • ATYPICAL CONSTRUCTION INDUSTRY CYCLE

    Dr Snyman, Industry adviser and University of Cape Town lecturer has described the current construction industry cycle as "atypical", with research suggesting that the sector remains in a post-recessionary recovery phase. He explained that studies have found that the recovery phase of the construction sector are occurring after a financial crisis, is more modest and protracted than that following a 'normal' cyclical downswing, and we are currently in this slow recovery phase.

  • BIBC PUBLISH FINANCIAL RESULTS

    The Building Industry Bargaining Council has released its audited financial statements in addition to the financials of its Medical Aid Fund (BIMAF). These financial statements have been made available on its website for the interest of the building industry and any other interested parties. A healthy surplus of R1.9million, for the year ending 31 October 2012, is something that the Council is understandably proud of. "We are pleased to show a surplus of almost R2 million, especially considering the current economic conditions, which are especially prevalent in the Building Industry," said Arnold Williams, Secretary for Building Industry Bargaining Council (Cape of Good Hope). The Council attributes this surplus to its policy of building up reserves during "boom" times. "The interest on these reserves resulted in the surplus, despite declining levy income," explained Williams.

  • MURRAY & ROBERTS SAFETY RECORD

    Murray & Roberts today completed a year without a fatal incident and for its current financial year to date, reached a record lost time injury frequency rate of 0.81 across the Group. This is a significant achievement and a first since the recording of its safety statistics.

  • DEMAND FOR OFFICE SPACE INCREASES AT HIGHER PRICE

    The number of sqm approved for office space increased by 36% year-to-year in the 12 months to January 2013, following a 21% increase in 2011. During 2012 a total of 675 630 sqm were approved for private sector construction of office space.

  • BIBC DEFENDS SECTION 32 LABOUR RELATIONS ACT

    The Building Industry Bargaining Council (Cape of Good Hope), together with the Department of Labour, has come out strongly defending the constitutionality of section 32 of the Labour Relations Act, in response to a decision by the Free Market Foundation to challenge section 32.

  • CONSTRUCTION SECTOR NOT SUSTAINABLE WITHOUT RIGHT VALUES

    South Africa is on the verge of one of the most significant infrastructure rollouts in our country's history. A growing economy needs a strong and vibrant infrastructure and engineering sector. It is important that the procurement process around infrastructure projects be handled with integrity and transparency. Public money matched with private sector capacity can deliver an ambitious vision to grow our economy, create jobs and develop our people. To deliver sustainable value for all South Africans, each and every stakeholder needs to clean up all elements of the industry and its relationship with its government and private sector clients.

  • BIBC AWAIT CETA'S RESURRECTION

    The Building Industry Bargaining Council (BIBC) met with the Construction Education Training Authority (CETA) to ascertain the current status of the CETA. The Council met with Mr Sintu, the Provincial Coordinator for the CETA, to address various issues that are plaguing the body, including its administration and improvements to facilitate training, amongst other concerns.