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CAREERTIP : What exactly does a good company culture look like?

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In a high-performance workplace culture, employees are highly motivated, leading to enhanced efficiency in daily operations and improved customer experiences. Word-of-mouth about the positive and productive culture further enhances recruitment and employee retention. Organizations that cultivate a high-performing workplace, understand their strengths and weaknesses. This self-awareness allows them to focus on areas where they excel and identify opportunities for improvement. The source for this article is COURANT You can also  follow our WhatsAPP channel  here   for more hardhatCAREERTIPS. 
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NEWS : 2024 Q1 construction activities were affected by the weak economy.

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According to Economist Dr. Roelof Botha, who compiles the Afrimat Construction Index (ACI), South Africa's feeble economic expansion in the initial quarter of 2024 was mirrored in the construction industry.


Dr. Rolelof Botha, attributes the lethargy in the construction sector to several factors.

One is the high cost of capital in South Africa. The current prime overdraft rate of 11.75% is 175 basis points higher than before the COVID-19 pandemic and the highest in 14 years. This is despite the consumer price index being within the South African Reserve Bank (SARB) target range for inflation of 3% to 6% for 11 consecutive months and the absence of demand inflation in the economy.

Another factor is dysfunctional municipalities. Dozens of municipalities in South Africa have been dysfunctional for many years, preventing them from accessing conditional National Treasury grants earmarked for infrastructure upgrades.

Finally, fiscal constraints due to weak economic growth have prevented any significant increase in construction-related capital expenditure in the 2024/25 National Budget.

The full article can be read on Engineering News , follow our Whatsapp channel here for more hardhatNEWS.

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