Filter
  • INDUSTRY INSIGHTS REPORTS AN INCREASE IN CONSTRUCTION PROJECTS

    The Value of construction projects awarded increased by 17 percent in 2014.


    The building industry is supported by a recovery in the awarding of affordable housing projects, but it must be noted that given the scale of these projects, the completion periods are longer than the average for typical housing developments. The impact on investment is therefore spread over a longer period of time. The value of non-residential projects awarded increased by 21,1 percent in 2014, in spite of a 36 percent decrease in the value of awards during the month of December.

  • SPECIAL ECONOMIC ZONES OFFER GROWTH OPPORTUNITIES

    Out of South Africa's ten prospective special economic zones (SEZs), three are on the verge of implementation and, before the end of this year, one of them will be completed and implemented, says the Department of Trade and Industry (DTI), which envisions 2015 to be the year for multidimensional SEZ implementation.

  • STATE OF THE NATION - BIBC GIVES SUPPORT

    The President of South Africa, Mr Jacob Zuma, delivered his State of the Nation Address to Parliament on Thursday, 13 February 2014.

    The Building Industry Bargaining Council welcomes government's continued focus, not only on job creation, but in particular the emphasis on creating decent work, as this supports the objectives of the Council. "Zuma's focus on education, health, the fight against crime and corruption, rural development and land reform and creating decent work, fits our objectives and vision for the building industry," said Arnold Williams, Secretary for Building Industry Bargaining Council (Cape of Good Hope).

  • MINISTER OLIPHANT ON CONSTRUCTION REGULATIONS

    At the official launch of the Construction Regulations, 2014, the Minister of Labour, Mildred Oliphant, said that the Construction Regulations, 2014 provides a legislative platform for addressing health and safety in South Africa and explained that it had implications for all stakeholders involved in construction.

  • MINISTER OF LABOUR WARNS OF TURBULANT MARKET

    Labour Minister has warned of turbulence in the labour market. She said: "Recent developments in the labour front signify a turbulent period ahead, but I still believe that it is incumbent upon me to extend best wishes to you all for 2014," she said at a National Economic Development and Labour Council (Nedlac) conference.

  • AMENDMENTS TO LABOUR RELATIONS ACT TO DEAL WITH ABUSES

    The department is prioritising the promulgation and implementation of the bills, currently before Parliament. The proposed amendments to the Labour Relations Act, Basic Conditions of Employment Act, the Employment Equity Act, and the Employment Services Act would enable the department to deal with abuses in the labour market and non-compliance with labour legislation.

  • INFRASTRUCTURE PLAN SHOULD NOT BE IMPACTED BY SLOWDOWN

    South Africa 's massive infrastructure plan should not be allowed to be impacted upon by the global economic slowdown or derailed by a lack of funding, Public Enterprises Minister Malusi Gigaba said on Tuesday (19th February 2013). In the last year, the Presidential Infrastructure Coordinating Commission (PICC) has launched the intergovernmental forums of the 18 Strategic Infrastructure Projects known as SIPs.

  • HIGHLIGHTS AND CHALLENGES OF 2012

    The year 2012 has been described as "bittersweet" and I think this is probably one of the most appropriate descriptions of conditions in the industry. While the sharp declines in 2009 and 2010, weakened to a more sideways move, with a glimmer of recovery here and there, conditions remain well below the peaks experienced in 2007/08. Companies were forced to streamline operations to protect dwindling profit margins, while many suppliers downsized production. Amidst all of this the industry also had to cope with higher production costs and less of a leverage to pass on those costs to consumers because of a slowdown in demand. The building industry is certainly harder hit by the drop in private sector spending, while government projects are vulnerable to management inefficiencies in terms of project planning, implementation and managing, while lower revenue is making it extremely difficult to balance budgetary allocations. Confidence levels remain well below the 50 (neutral) index level, while plans approved by the private sector, tenders and cement sales amongst others, have fallen back to , or very close to, pre-boom levels.

  • BUILDERS SET TO RECEIVE HEALTHY RETIREMENT PENSIONS

    Employees in the building industry are set to receive healthy retirement pensions, compared to the period before 2003. The projected monthly pension for future retirees should almost double for employees contributing to the Building Industry Bargaining Council's retirement funds. "The BIBC's retirement funds have shown remarkable improvement over the past 10 years, thanks to increased fund governance and active trustee involvement," said Arnold Williams, Secretary for Building Industry Bargaining Council (Cape of Good Hope).

    In 2003 a member that worked in the industry for 35 years would only have received 32% of his/her final salary as a monthly pension, while members who joined since then could expect to receive 75% of their final salaries as a monthly pension after 35 years of uninterrupted contributions and if returns of 5% above inflation are achieved over the period.

  • PROPERTY MANAGERS CAN BE HELD LIABLE FOR NON-COMPLIANT BUILDERS

    In a drive to increase awareness throughout the building and related industries, the Building Industry Bargaining Council is targeting property managers. With specific reference to the BIBC's Collective Agreement, Clause 6A(4) of the Collective Agreement stipulates that the subcontracting party and the subcontractor are jointly and severally liable if the subcontractor contravenes the agreement. This ultimately means that Property Managers can thus be found liable for using a non-compliant sub-contractor.