The construction industry has borne the brunt of government’s inability to deliver its promised surge in infrastructure spending. Instead, the private sector has taken the lead, though a broad-based fixed investment upswing is likely to remain elusive.
The government’s chronic inability to put out to tender successfully and implement infrastructure projects, from fixing pit latrines to national highways, has battered SA’s construction industry, causing it to shed 25% of its workforce over the past five years.
The state’s persistent underspending on its capital budgets is also the primary reason so many municipalities are unable to deliver even the most basic services to their communities...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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