“Some work has continued to flow from certain parts of the private sector,” continues Dr Bruggemans. “But in the case of the residential building sector it almost dried up completely due to the recession. As a result, civil construction companies have kept on retrenching staff on a large scale to contain costs and remain financially viable in this difficult environment.”
He thinks that conditions may improve in the year ahead if government starts to launch new projects.
Listen to Dr Cees Bruggemans, Chief Economist of FNB, talk on the trends that will affect South Africa’s economy over the next 18 months at the SmartProcurement World Conference where he will keynote speaker. SmartProcurement World will be held at Gallagher Convention Centre on November 16th – 18th. Dr Bruggemans holds a D.Com in Economics and an MBA from UCT.
Elaine Porteous is a freelance consultant and contributing editor to SmartProcurement. To contact her email her at editing@smartprocurement.co.za. See her webpage at www.elaineporteous.co.za
A difficult time for the construction industry – Enter Procurement
“Some work has continued to flow from certain parts of the private sector,” continues Dr Bruggemans. “But in the case of the residential building sector it almost dried up completely due to the recession. As a result, civil construction companies have kept on retrenching staff on a large scale to contain costs and remain financially viable in this difficult environment.”
He thinks that conditions may improve in the year ahead if government starts to launch new projects.
Listen to Dr Cees Bruggemans, Chief Economist of FNB, talk on the trends that will affect South Africa’s economy over the next 18 months at the SmartProcurement World Conference where he will keynote speaker. SmartProcurement World will be held at Gallagher Convention Centre on November 16th – 18th. Dr Bruggemans holds a D.Com in Economics and an MBA from UCT.
Elaine Porteous is a freelance consultant and contributing editor to SmartProcurement. To contact her email her at editing@smartprocurement.co.za. See her webpage at www.elaineporteous.co.za
Related Posts
Procurement perspectives: change management in procurement is essential to survival
PMI slightly down after 3-month improvement: remains above Quarter 1 average
PMI: December decline suggests manufacturing growth/recovery levelling off
PMI push eases in November – manufacturing recovering, but needs greater demand
Latest Jobs
I am Talent
I am looking for Talent
I am looking for skilled candidates that are seeking a new job opportunity.
Leaders Profile
Talking to Jothi David
Leadership Profile: Riccardo Benedetti
Procurement Leader: Colette Yende
Procurement Leader: Kamalasen Chetty, Visa
Movers and Shakers in Procurement
Deon Mocke
Zunaid Rasdien MCIPS
Dr Khomotso Mhelembe
Sanet Shepperson MBA (CIPS), FCIPS, MCIPS
Graeme Mcluggage
What you might have missed
Talking to Jothi David
Addressing Fragmentation: The Way Forward for Africa
The “A” candidate (vs) the “B” candidate
Automating Quote Sourcing a Wise Move
Update On Panama Canal Drought – Increased Transportation & Cost Risk
Upcoming Courses