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  • JOB LOSSES IN INFORMAL SECTOR INCREASE UNEMPLOYMENT FIGURES

    Statistics South Africa has reported that during the first quarter 2014, the number of unemployed increased by 237 000 as the unemployment rate jumped 1.1 percentage points. This jump in unemployment was directly affected by an extensive loss of jobs in the informal sector, which has led to a 0.6% expansion in unemployment to 25.2%.

  • BUDGET 2014/15 AND IMPLICATIONS FOR THE SOUTH AFRICAN CONSTRUCTION INDUSTRY

    Industry Insights released their judgment of the 2014/15 budget, relating to the Construction Industry.

    "Time for change" is what best describes the framework in which priorities were set in the 2014 Budget. The 2014/15 Budget is the second budget tabled within the framework of the National Development Plan (NDP), including not only targeted expenditure but also evidence of progress made over the last twelve months.

  • BIBC PRESENTATION TO BUILDING CONTRACTORS

    The Building Industry Bargaining Council (Cape of Good Hope), which includes the Overstrand Municipality, is hosting an information session for the employers in the building industry to obtain the latest information pertaining to the Minister of Labour's extension of the latest Collective Agreement.

  • EVIDENCE OF IMPROVEMENTS IN BUILDING INDUSTRY

    An update of economic and construction industry forecasts for the first quarter of this year indicates some positive news. Evidence that conditions in the building industry have improved over the past few months, is shown by the improvement in building contractor confidence, although the higher levels of activity experienced in non-residential building construction, especially in Gauteng, will start to taper off during the course of the year as fewer projects are approved for later in the year. On the upside, there has been an increase in approvals for residential buildings which will fill some of the void left by the non-residential sector.