5 Mar 2013

Building & Construction

 


The taxman cometh

Of course, the big news over the past few days has been Pravin Gordhan's budget speech, which has been dissected and analysed, as usual. Not least of these analyses is that by Nedbank Private Wealth, which provided its observations on the 2013-14 Budget Speech.

Gordhan's budget, as usual, was somewhat of a balancing act, but what taxpayers everywhere would like to see is action, not just words, on corruption, mismanagement and waste. After all, we all realise we have to pay taxes, but we want to see our tax monies being used where it matters - and properly, across the board.

Our planet is our only home, so we'd better do better in looking after it. One way of doing so is through protecting and nurturing biodiversity, which, says minister of water and environmental affairs, Edna Molewa, contributes to economy - she says the benefits derived from biodiversity or ecosystem services are estimated at R73bn, contributing to 7% of South Africa's GDP per annum.

We've heard it all before... this plan and that plan to create jobs - or "job opportunities" - and this time it's the KwaZulu-Natal provincial government that says it will assist in creating 11m jobs by 2030.

Job creation is absolutely vital for the future of this country; some fear the levels of frustration and despair among the unemployed could rise to such levels as to lead to civil unrest. Hence, any plan to create jobs is to be welcomed... but how many have there been, and what successes have they achieved? Governments - provincial and national, need to be wary of over-promising and under-delivering.

Is it the end of the land line? Mitchell Barker says that landline users in South Africa are cutting the cord.

Finally, our not so frugal, but fast and fancy motoring editor Henrie Geyser reckons that the new Ford Fiesta is just that... frugal, fast, fancy.

Rod Baker: Content Director

Submit your company news to buildingconstructionnews@bizcommunity.com. Exclusive contributions may be sent to contributors-buildingconstruction@bizcommunity.com.

Top stories


Editorial news

Building & Construction

Addressing skills shortages in the built environment
[Werner Franck] Skills development remains a pressing concern in the current South African economy, and the built environment is no exception. With an increasing number of small to medium-size enterprise's (SMME's) emerging in the construction sector, it becomes increasingly challenging for authorities to regulate the level of skills and training of the country's construction workforce. Read more >>

Master Builders Association of the Western Cape chooses 18 apprentices
At the end of last year, the Master Builders Association of the Western Cape (MBAWC) issued a province-wide invitation to school leavers to submit applications for its apprenticeship training programme. This enables young people to enter the construction industry, obtain a trade certificate and gain employment. Read more >>


Building Materials

Bitumen import surcharges waived
The International Trade Administration Commission (Itac) has announced a rebate waiver of 10% on the import of petroleum bitumen because of a continued shortage, estimated at about 20% of the local market. Read more >>

Affordable clay brick construction for Bothasig Gardens Social Housing Project
The Communicare Bothasig Gardens Project built in double skin clay brick with the Roklite plaster bricks internally and Corobrik face brick externally has been recognised for setting new standards for affordable integrated settlements in South Africa. Read more >>


Construction

Bidvest results 'reasonable' says Joffee
[Alistair Anderson] Industrial conglomerate Bidvest on Monday (4 March) said it was pleased with its financial results for the six months to December given tough trading conditions in many regions‚ with chief executive Brian Joffe attributing the solid earnings growth to good management over the group's multitude of subsidiaries. Read more >>

Branson invests R150m in Sandton club
[Gaongalelwe Moatshe] Virgin Active is investing R150m in its health club in Sandton, making it the 108th club in SA Read more >>

Brics development bank on the cards
The feasibility of establishing a Brics development bank will be an agenda item prominent in the upcoming fifth summit. Brics comprises five member states: Brazil, Russia, India, China and South Africa. Read more >>

Carbon tax may hurt heavy industries
[Edward West] The introduction of a carbon tax is likely to have a great effect on the cost structures of South Africa's heavy industries‚ say analysts. Read more >>

GDP growth up in final quarter of 2012
Economic growth quickened more than expected in the last quarter of 2012‚ as agriculture and manufacturing industries supported growth while mining was a drag‚ Statistics SA figures released on Tuesday (26 February) showed. Read more >>

SAB to build new maltings plant
The South African Breweries (SAB) will invest R700m in a state-of the-art new maltings plant in Alrode‚ Gauteng‚ as part of its continued efforts to support the local economy and drive job creation. Read more >>


Government
Moderate job creation expected
[Ntsakisi Maswanganyi] The National Treasury expects a moderate employment growth over the next three years‚ it said in its budget review 2013 released on Wednesday (27 February). Read more >>

More Government news...


New events to diarise

Click here to customise your events section


All industry news

Marketing & Media


Medical


Retail


Government


Mining


CSI


Finance & Insurance


Agriculture, Horticulture & Forestry


Arts & Entertainment


Environment & Conservation


Human Resources & Recruitment


Legal


Manufacturing


Property & Real Estate


Security & Military


Education & Training


Tourism, Travel & Hospitality


IT & Telecommunications


Maritime & Fishing


Sport


Logistics


Science & Technology


Lifestyle


Automotive


Print - Print any item in this newsletter.
Email - Email any item in this newsletter.
Comment - Comment on any item in this newsletter.


Today's weather

Cpt

28°C
15°C
Jhb

29°C
14°C
PE

28°C
18°C
Dur

31°C
21°C
Bloem

34°C
16°C

Click here to customise weather


2013 Biz Trends Report


93 pages
49 contributors
41 contributions

New people on biz

Werner Franck
Managing Director at Vertias
Ben Burger
Architect at Ben Burger Architect
Renaldo Goodall
senior architectural technologist at Rgg Architectural Services

Industry sectors



Follow us

       
Press releases: Distribute your news professionally to over 170 000 subscribers across various industries. Read more about our press offices.

Editorial: We welcome your news, views and comments! Email press releases, invitations, interview requests, and proposals to buildingconstructionnews@bizcommunity.com and exclusive opinion pieces to contributors-buildingconstruction@bizcommunity.com.

Advertising: We welcome your sales enquiries! Email sales@bizcommunity.com and read more about our advertising rates.

Location: Cape Town (head office): tel +27 (0)21 680 3500 | 24 On Main, Main Street, Rosebank, Cape Town, 7700, South Africa. Johannesburg: tel +27 (0)11 612 3003 | Sutton Square, The Business Centre, 8 Gemsbok Road, corner 12th Avenue, Rivonia, Gauteng.

Subscribe/unsubscribe: Invite your friends, colleagues, suppliers, customers and partners to subscribe!


© 2013 Bizcommunity.com. All rights reserved.
Bizcommunity.com, its sponsors, contributors and advertisers disclaim all liability for any loss, damage, injury or expense that might arise from the use of, or reliance upon, the services contained herein.

Unsubscribe, Manage subscriptions. Subscribe. Change email address. Change frequency to DAILY.