Slow tenders lose 64 000 jobs
PRETORIA — About 64 000 jobs in the construction industry were lost in the first quarter and this number could rise sharply in the short term unless projected govern-” ment spending quickly gets into gear.
Construction data service Industry Insight shows 161 public sector projects have been postponed since the beginning of last year.
Industry Insight chief executive Elsie Snyman says the number of projects put out to tender moreover fell by a third in the first quarter after the tempo at which projects were being postponed more than doubled last year. Further delays in government projects during 2010 will impact the industry heavily as the demand for residential construction remains weak, she said. — Sake24.com.