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REVIEW: South Africa urgently needs to prioritise upholding the rule of law.

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The perilous working conditions in South Africa's construction industry, plagued by the construction mafia, were brought to light when a Stefanutti Stocks executive narrowly escaped an attempted murder. Last week's news about Stefanutti Stocks coastal manager Matthew Horwill's survival of an assassination attempt near his office sparked widespread speculation. Many believe the attack is linked to the construction mafia, a notorious organization that has been very active in KwaZulu-Natal.  The construction mafia often target construction sites, extorting money from contractors, subcontractors, and developers. Although they have been a part of the South African construction landscape for some time, the government has finally taken action to address this long-standing issue through strategic initiatives. The Public Procurement Bill, currently open for public comment, tackles several concerns. It mandates a certain percentage of local participation and requires organizations to
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NEWS : SA Economy 0,1% weaker in the first quarter of 2024

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The South African economy experienced a contraction of 0.1% in real gross domestic product (GDP) during the first quarter of 2024. The decline was primarily driven by weaker performance in the manufacturing, mining, and construction industries.


Manufacturing Sector:

Manufacturing was the largest negative contributor to the economic slowdown, declining by 1.4% and shaving off 0.2 percentage points from GDP growth. This sector's poor performance can be attributed to a decline in the production of various goods, including food, beverages, and chemicals.

Agriculture Sector:

In contrast, the agriculture sector was the largest positive contributor to GDP growth, expanding by 13.5%. The horticulture sector was the main driver of this growth, with a significant increase in fruit production. Other positive contributions came from maize and animal products.

Construction and Mining Sector:

The construction industry continued its downward trend, recording a decline of 3.1% for the fourth consecutive quarter. This decline was mainly attributed to weaker economic activity related to residential buildings and construction works.Mining output contracted by 2,3%, with platinum group metals, coal, gold and manganese ore the largest drags on growth.

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