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REVIEW : ESG in construction can transform SA’s building sector

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In South Africa, the increasing significance of Environmental, Social, and Governance (ESG) criteria is profoundly influencing the planning, execution, and management of construction projects. This trend is reshaping the construction landscape, promoting sustainable development, and improving social outcomes. Incorporating ESG principles, the construction industry in South Africa has the potential to transform itself. This transformation can lead to sustainable development, improved social outcomes, and compliance with corporate governance requirements. These efforts go beyond environmental and societal benefits, positively impacting the reputation, risk management, and financial performance of construction companies. Social Considerations: Large construction projects can significantly impact local communities, necessitating engagement with relevant stakeholders. Engaging with communities allows construction companies to address concerns and foster positive relationships. Creating job
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REVIEW : Infrastructure failures ‘hamper mining industry’

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The decline in recent years in mining output performance due to infrastructure constraints is a tragedy that is manifesting in undesirable employment losses.

The South African mining industry's infrastructural challenges have significant economic and societal consequences, as highlighted by Minerals Council CEO Mzila Mthenjane. To address these issues, the Minerals Council's new executive team has identified three priorities: enhancing power supply, resolving operational problems at Transnet, and combating crime and corruption.

Given that each mining employee typically supports three to four dependents, the industry's job creation has a profound ripple effect. Currently employing approximately 480,000 people, with suitable investments and infrastructural improvements, the potential for job creation could be even greater, offering many South Africans a path out of poverty.

At the core of the challenges is the state-owned logistics company Transnet, which faces significant operational and financial difficulties. Transnet's debt has ballooned to over R130 billion, compounded by declining capital expenditure, governance issues, and the impact of the Covid-19 pandemic. Transnet's problems have had a cascading effect on the mining industry, hampering its ability to transport minerals efficiently.

Similarly, power supply challenges, primarily attributed to Eskom's underperformance, have crippled mining operations. The reliability of electricity is crucial for mining activities, and Eskom's instability has compelled many companies to invest in costly alternative energy solutions.

Crime and corruption remain pervasive issues, not only affecting Transnet and Eskom but also eroding investor confidence and disrupting daily operations within the mining sector.

The full article can be read on BUSINESS DAY,  follow our Whatsapp channel here for more hardhatREVIEWS.


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