Marketing & Media news


Subscribe to industry newsletters

Press offices

Enquire about a press office
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
Marketing & Media news

Govt skills shortages delay infrastructure development

19 Nov 2012 07:10
According to the Mail & Guardian, recent results from South Africa's biggest construction firms have made it clear that delays in issuing large tenders are hurting the sector. The government has admitted in Parliament and in discussions about infrastructure development that there are skills shortages.
Aveng Group chairperson Angus Band told shareholders that South Africa's R844b public sector infrastructure spend had not "translated into increased tender activity in the local market." Aveng's orders had fallen by 9% since the end of June, and only 3.6% of its total order book was now coming from South Africa, down from 10.5% in 2010.

Murray & Roberts, too, say that no tender documents for major infrastructure projects had been issued by the government. Basil Reed and Group 5 saw their results plunge 78% and 64% respectively. Lack of project management and engineering skills in government seems to be at the root of the problem. The national planning commission data shows a 30% drop in public sector spending on infrastructure since 2008, the Mail and Guardian says.

Read the full article on http://mg.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.

News