Listed contractors feeling the pinch as construction sector dynamics change
Channel: CreamerMedia
Date: 2018-07-18

A change in dynamics within the construction industry over the past few years is leading to the demise of the “big contractor” in South Africa.

With the first potential “casualty” possibly being seen in the downward spiral of Basil Read, Industry Insight senior economist David Metelerkamp on Wednesday said the past few years had seen the grip of South Africa’s large, listed construction firms on the construction market steadily eroding in a sector that was already facing tough times.