• Submit news
  • Advertise & rates
  • Contact us

Subscribe to industry newsletters

Bizcommunity has over 400 industry contributors and we always welcome further contributions and contributors.
Advertise with us
Advertise & RatesMy Account
Company press officeList company
Recruitment packagesSubmit job ad
Download ratecard
Construction & Engineering news

Govt 'rising underspending' linked to slow transformation

26 Nov 2012 13:55
According to BDLive, while acknowledging a "rising underspend" by the government, Public Works Minister Thulas Nxesi says the pace of transformation in SA's construction sector is far too slow. This, he says, is particularly evident among listed construction and engineering groups and higher-tier subcontractors.
But the racial and spatial history of apartheid presents great challenges. In this regard, the government has adopted a more militant tone on black economic empowerment, driven by the Department of Trade and Industry. Many blacks are represented in the lower levels of the construction sector, along with steadily increasing ownership. But registered built-environment professionals and technical staff are still mostly white males.

South Africa faces critical skills shortages as insufficient black graduates are being produced to replace white males. In accordance with the state's amended empowerment codes, the government says it intends to criminalise fronting, boost supply chain diversification in state procurement, and monitor black economic empowerment verification agencies more closely, BDLive reports.

Read the full article on www.bdlive.co.za.
    
 
LEGAL DISCLAIMER: This Message Board accepts no liability of legal consequences that arise from the Message Boards (e.g. defamation, slander, or other such crimes). All posted messages are the sole property of their respective authors. The maintainer does retain the right to remove any message posts for whatever reasons. People that post messages to this forum are not to libel/slander nor in any other way depict a company, entity, individual(s), or service in a false light; should they do so, the legal consequences are theirs alone. Bizcommunity.com will disclose authors' IP addresses to authorities if compelled to do so by a court of law.

Related news