Media Release

Group Five Lists Infrastructure Delay Reasons

August 18 2014 at 08:00am By Roy Cokayne

GOVERNMENT distrust caused by the collusion uncovered by the Competition Commission in the construction sector is only one of several reasons for the delay in the roll-out of the government’s R827 billion infrastructure expenditure programme. Mike Upton, the chief executive of listed construction and engineering firm Group Five, said...
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Budget Speech Councillor Geoffrey Makhubo

THE BUDGET SPEECH BY THE MEMBER OF THE MAYORAL COMMITTEE FOR FINANCE IN THE CITY OF JOHANNESBURG, COUNCILLOR GEOFFREY MAKHUBO, COUNCIL CHAMBER, METRO CENTRE, BRAAMFONTEIN – JOHANNESBURG, 22 22 MAY 2014 INTRODUCTION Madam Speaker, distinguished guests, councillors, residents of Johannesburg. On this Budget Day we have the great pleasure to welcome so many distinguished guests, who honour us with...
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Disqualification from Govt Tenders

The Construction Industry Development Board will investigate whether firms that admitted to rigging and collusion should be barred from state tenders. The Cape Times reported on Monday that the board had appointed a team to investigate the companies, after which it could decide to impose fines, deregister or disqualify companies from tenders. The board could fine a...
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Infrastructure Funding in place

Infrastructure Funding in Place 27 February 2013 Financing of R827-billion for South Africa’s infrastructure projects over the next three years, to be drawn from the fiscus and state-owned enterprises, is in place, says Finance Minister Pravin Gordhan. Presenting his 2013 Budget Speech in Parliament in Cape Town on Wednesday, Gordhan said financing for the country’s infrastructure projects was...
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