The Construction Industry Sheds 140 000 Jobs between the 1st and 3rd Quarters of 2017
Pretoria 07 November 2017: The overall unemployment rate in South Africa currently stands at 27,7%. The construction industry, which is an important player in job creation, not only in the construction sector but in other sectors of the economy, shed 140 000 jobs between Quarter 1 and Quarter 3 of 2017 as reported in the Quarter Labour Force Survey. Ntando Skosana, Project Manager for Monitoring and Evaluation at the cidb commented that “Loosing 140 000 jobs, especially in an economy that already has a high unemployment rate is both concerning and disheartening”. These job losses are a reflection of the pressure that the construction industry is under, which is also reflected by the Stats SA GDP statistics that recorded that the construction industry contracted by 0,8% and 0,5% quarter-on-quarter in 2017Q1 and 2017Q2 respectively. Read here...
General Builders and Civil Contractors Confidence Continues to Fall in Q3
Pretoria 02 October, 2017: During the third quarter, general building confidence as measured by the cidb SME Business Conditions Survey fell to 40 index points (from 42 points previously). The ongoing pessimism in the sector was in line with the broad-based weakness in underlying indicators. Ntando Skosana, Project Manager for Monitoring and Evaluation at the cidb commented, “The trajectory in Q3 was broadly similar to the previous quarter. Once again, we saw building activity lose momentum and in turn placed further downward pressure on profit margins. Disconcertingly, the profitability indicator for the sector has deteriorated to an all-time low.” Read here...
Improved Sentiment for Grades 3 & 4 Civil Engineering Contractors
Pretoria 04 July, 2017: After a largely flat 2016 and a disappointing start to 2017, civil engineering confidence, as measured in the cidb SME business conditions survey, picked up by six index points to 43 during 2017Q2. In sum, pressure on business conditions was ameliorated as profitability found support from a combination of improved momentum in building activity, and a less hostile tendering environment. Read here...
General Builder and Civil Contractor Sentiment Remains Pessimistic in 2017
Pretoria 09 May, 2017: During the first quarter of 2017, the confidence of general builders as measured by the cidb SME business conditions survey barely moved to 46 index points (from 45 points previously). In all, sentiment remained pessimistic, as building activity weakened. Tendering competition intensity abated slightly, and this helped alleviate some of the pressure on profitability. Read here...
Voluntary Rebuild Programme and cidb Agreement with Companies involved in Construction Collusion
Johannesburg, 11 October, 2016: The Construction Industry Development Board has welcomed the announcement today, of the signing of the Voluntary Rebuild Programme (VRP) Agreement between Government and six of the fifteen companies involved in the collusion uncovered by the Competition Commission in the past. Read more...
Clampdown on Registration Fraud and Corruption
Pretoria, 20 April, 2016: In a move to protect the integrity of the Register of Contractors the Board of Directors of the Construction Industry Development Board (cidb), has enlisted the help of the Special Investigating Unit to probe persistent allegations of fraud and corruption within the organization. The SIU has thrown its weight behind this initiative and on 15 April 2016, obtained a Presidential Proclamation strengthening its authority to carry out investigations into various claims. Read more...
cidb Renews Call for Clients to Use Functionality in Construction Procurement
Declining levels of performance in the construction industry are behind the cidb’s renewed call for increased use of functionality when evaluating construction tenders in the public sector.
Announcing its latest annual instalment of the Construction Industry Indicator’s (CIIs) Report the cidb said it had observed a steady growth in the level of client dissatisfaction with the performance of contractors on construction projects over the past three year period. The Board said 18 per cent of the work carried out by contractors in 2014 was considered by clients to be unsatisfactory, with the levels of unacceptable defects recorded in 13 per cent of these projects. Read more...
Skills Shortages and Access to Credit Impacting on Growth of Small and Medium Contractors
With the downturn in the building and construction industry, more and more contractors are facing difficult business conditions, and even financial distress. The cidb is closely monitoring the sustainability of small and medium-sized contractors, and the changes in the underlying constraints to the sustainability of contractors. Read more...
cidb Issues Collusion Charges Against Construction Companies
Following its own investigation into collusive practices in the construction industry, the cidb has served charges on fifteen contractors listed on its Register of Contractors, for contravention of its Code of Conduct for parties engaged in construction procurement. In terms of the charges the parties will now have to appear for a formal inquiry, before an independent Investigating Committee scheduled to take place in April 2015. Read more...
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