South African construction firms to pay US$90M into development fund
A total of Six South African construction firms will contribute a total of 1.25 bn rand ($90 million) in the next 12 years towards a fund kitty towards skill development in the construction sector and give black workers a much bigger role, a cabinet minister said recently.
Ebrahim Patel, the Economic Development Minister said this voluntary contribution by the construction companies would be in addition to a 1.4 bn rand (US$98.1mn).... Read more »
Posted on : Saturday , 15th October 2016