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SA CONSTRUCTION SECTOR OUTLOOK 2019

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According to Moneyweb, South Africa’s construction industry is being demolished. After 45 years of trading on Johannesburg’s stock exchange, Group Five’s stock was suspended Tuesday after the company filed for bankruptcy protection, making it the fifth local builder to enter business rescue in less than a year. From a peak market value of R8.2 billion in 2007, it was worth less than R100 million when the shares stopped trading.

EYAL SHEVEL, HEAD OF CORPORATE RATING - AFRICA AT GLOBAL CREDIT RATINGS EXPLAINS
13 Mar 2019 2PM English South Africa Business News · Investing

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