AMENDMENT ACT WILL PROTECT EMERGING CONTRACTORS

Emerging contractors in the construction industry will soon stand to benefit from increased protection provided by a new amendment to the Construction Industry Development Board (CIDB) Act, which was proposed by the Department of Public Works.

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DEPARTMENT OF LABOUR REPORTS ON LOW H&S COMPLIANCE

The Department of Labour (DoL) says it has found that the construction industry has a less than 50% rate of compliance with health and safety regulations. This comes shortly ahead of the introduction of a new dispensation for the registration of construction health and safety professionals in South Africa and the implementation of the construction work permit in terms of Construction Regulation 2014.

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INDUSTRY INSIGHT REPORTS SLOW GROWTH IN CONSTRUCTION

Industry Insight has reported a slowdown in the construction industry’s growth, compared to 2014. Growth in Construction Sector was just 0.8% in the first quarter of this year; off the back of 3.5% growth in the 4th quarter of and 2.2% in the 3rd quarter.  The overall decline in the trend seems to have been brought down by the non-residential sector, once again, with square metres of office spaces approved on average over the last year seems to be in negative territory this month with a rolling average of -10% from being 7.6% in February.

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INDUSTRY GROWTH DOWN BUT OUTLOOK UPBEAT

Growth in the building sector lost further momentum in the second quarter of 2015, according to the latest FNB/BER Building Confidence Index. This is after the sector slowed in the first quarter of 2015 as well. However, despite the poorer performance by the sector in the second quarter, the outlook is somewhat more upbeat. This is mainly due to a marked rise in activity at the start of the building pipeline, which is gaining momentum.

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