Construction firms in SA outshine their global counterparts.

SA’s top construction companies, including Murray & Roberts, Basil Read and Group Five were yesterday deemed “financially sound” by credit agencies, in contrast with their deeply indebted global counterparts.

The companies owed their tremendous success over the past few years to large infrastructure development projects and building World Cup stadiums. Other projects included the highspeed train and expansion into the rest of Africa. The industry’s financial stability could continue through Eskom’s power station construction and sustained transport infrastructure development.

Economists said the government’s intention to spend $100bn on various investment projects was good news for the industry, since the “lion’s share” would go to top construction companies.

http://www.businessday.co.za/articles/Content.aspx?id=111857

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