Getty</span>The Covid-19 pandemic has wreaked havoc on the global economy, with world output contracting at 3.5% in 2020, and no recovery likely before the fourth quarter of 2021. Similar to other developing regions, Sub-Saharan Africa recorded a 2.6% decline, following strong growth of 3.2% in 2019.
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As with all industries, construction has different facets and specialties, all interesting and unique in their own right. It is not uncommon for young engineers and technicians to select a career in either contracting or consulting and then to pursue that career fully without experiencing the other side of the coin, so to speak.
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Observatory Forensic Pathology Institute</span>The R287m Observatory Forensic Pathology Institute (OFPI) is expected to come online in mid-2021, if everything goes according to plan.
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With the R100bn Infrastructure Fund now in full operation, as announced by President Cyril Ramaphosa in his 2021 State of the Nation Address, Eben Meyburgh, CEO at GVK-Siya Zama Building Contractors, believes that the construction industry has the potential to help kickstart the economy. This after the industry declined in 2020 following an extremely difficult year due to measures taken to protect against Covid-19.
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Everybody knows that the construction industry has been reeling for a number of years, a casualty of an economy that seems to be going backwards and the lack of spending on infrastructure. A number of larger players have had to reposition themselves.
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Rescue efforts are under way at ArcelorMittal South Africa's Vanderbijlpark Works to find three employees missing after an accident, the steelmaker said on Wednesday, 17 February.
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AECOM has released the 31st edition of its Africa Property & Construction Cost Guide, published in conjunction with the Bureau of Economic Research (BER) at the University of Stellenbosch. The guide shares insight into Africa's economy that can be leveraged to unlock investment opportunities across the continent in terms of construction and infrastructure development.
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Whenever significant change occurs in a business, the process can seem overwhelming, and if not conducted correctly, can result in unsuccessful transformation. The need for change management is therefore essential. This is especially true in the construction industry where tried-and-tested traditional ways of working are not easily abandoned.
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Manufacturing production increased by 1,8% in December 2020 compared with December 2019, according to data from Statistics South Africa (Stats SA).
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According to construction and technology law experts MDA Attorneys, public sector tenders and contracts still do not include any clauses that deal with the Covid-19 pandemic. This after a year of dealing with Covid-19-related shutdowns and disruptions in the industry.
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Phase 2 development of the R800m Sol Plaatje University (SPU) precinct in Kimberley in the Northern Cape is currently under way. While AECOM's current involvement is expected to continue until at least mid-2022, the infrastructure delivery company has been awarded a further contract extension, according to Toit Scheepers, AECOM team lead and programme manager.
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