Time to regroup and rebuild South Africa’s economy
The Covid-19 pandemic has caused havoc in South Africa, but we must regroup and focus on supporting industries that can potentially rebuild the economy and ensure growth.
The construction industry can build the infrastructure required to advance the economy and offer employment to millions of people. By igniting the construction industry, the economy will be boosted and create working opportunities. Large-scale projects can uplift communities through planned and necessary infrastructures and employ individuals from local communities.
Cooperation between role-players in the industry arising from the Covid-19 pandemic should establish a joint planning entity and identify key projects to achieve the building of necessary infrastructure, with the maximum impact on improving communities’ lives.
Similar initiatives are being proposed and implemented by governments throughout the world, where countries with advanced economies have mooted infrastructure projects to restart their economies. Cooperation between industries such as technology and finance can assist to develop next-generation infrastructure.
ASPASA represents surface mines that produce the main components of raw materials for the industry. Material suppliers such as wood, steel, etc., and vocations such as engineering, construction contractors and architects should be consulted. Research must be undertaken by academic bodies to provide technical guidance. With a coordinated approach, resources may be available in areas where they are most needed. This should be reason enough for treasury and government departments to unlock budgets and get projects moving.
If South Africa wants to remain competitive, we must acknowledge the importance of the construction sector and the critical part it plays to rebuild our future.