gps roundup
How construction contractors can avoid hidden project risks that break the bank Construction projects are fraught with hidden risks that can derail budgets and timelines. From unclear contract terms to incomplete site assessments, contractors often overlook key red flags. Experts recommend a more rigorous pre-construction planning process, including legal reviews and independent audits of site conditions. Digital tools for risk tracking and real-time communication also help mitigate surprises. By proactively addressing potential issues, contractors can shield themselves from major financial shocks and reputational damage…. Read more
International car brands throw lifeline to South Africa South Africa has secured commitments from Chinese and Indian car companies to upgrade their semi-knocked-down (SKD) vehicle assembly operations to full-scale. The government is in talks with multinational carmakers, who have South African factories – including Toyota and Ford and their suppliers – on ways to safeguard the industry’s future as it navigates declining production volumes, stiff competition from China, tariff uncertainty and an expensive shift to electric vehicles... Read more Global steel giant to exit South Africa with $460m takeover imminent Talks between global steel giant ArcelorMittal and South Africa’s Industrial Development Corporation (IDC) over the potential sale of the steelmaker’s local operations have entered an advanced stage, signalling a shift in Africa’s steel industry landscape. According to people familiar with the matter, Ondra Otradovec , ArcelorMittal’s head of mergers and acquisitions, is currently in South Africa for high-level discussions with both the IDC and the Department of Trade, Industry and Competition (DTIC). His presence is seen as a sign that negotiations have accelerated... Read more
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Issue 4 – 2025
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