Recent business failures and job losses in the construction sector are being blamed on government’s non- or late payments. The government currently owes construction and building industry contractors approximately R5.5-billion. Executive director at Master Builders South Africa Roy Mnisi said this is the main challenge facing the industry.
“If we continue like this then I can tell you that the industry will collapse. Ever since the hype of 2010, we have been seeing a decline in the construction industry year-on-year”, said Mnisi.
Mnisi said there are a variety of reasons for governments non-payment for services including bad cash flow management and corruption.
“There are a variety of reasons, chief amongst those reasons is bad planning, bad cash flow management and issues of corruption. So those are some of the reasons that have been given to us as the major causes”, added Mnisi.
In other news – Reason debates how Amapiano became as vulgar as some hip-hop music
Reason the popular local rapper, got into a discussion over how vulgar Amapiano music is becoming.
The debate was started by sports personality Mpho Letsholonyane, who wondered why the genre has to be so ‘raw’ – Reason feels that vulgar Amapiano music is easier to make and sell, just like it is in the hip-hop genre. Read more