Infrastructure remains a lifeline for the construction industry
“We have prioritised infrastructure projects to support economic growth and better livelihoods, especially in energy, roads and water management through innovative funding and improved technical capabilities,” said Ramaphosa.
The Infrastructure Fund is at the centre of this effort, with a R100 billion allocation from the fiscus over the next decade. Government will make an initial investment of R1.8 billion in bulk infrastructure to unlock seven private sector projects worth R133 billion.
However, Nemukula adds a caveat: “We still need to rebuild the damage caused by the unrest and looting in KwaZulu-Natal and certain parts of Gauteng in mid-July last year. The industry is currently recovering slowly and is not in the state it was before the Covid-19 pandemic.
“There are a lot of government infrastructure projects that went out on tender, but no contractors have been awarded the work yet, so these projects are still on hold. This has had a negative impact on construction equipment sales, as construction companies are not willing to make capital investment decisions when they do not know when their next job will come,” stresses Nemukula.
“I believe the road to recovery is a long one. Most of the infrastructure projects are dependent on government funding, and government seems to be prioritising Covid-19 relief schemes and unemployment grants ahead of infrastructure projects,” he adds.
Shumani is the largest black-owned and managed industrial equipment supplier in South Africa. “All of this mooted infrastructure development will require capital equipment, so one can expect the demand for capital equipment to increase.”
Nemukula reveals that Shumani has quoted various municipalities for road construction and maintenance projects. “However, once again its currently a waiting game for the government to award the tenders and give the go ahead for work to start,” he concludes.
Ends
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Notes to the Editor
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About Shumani
Shumani Industrial Equipment is an official dealer representing a broad range of quality industrial and construction equipment, including the Goscor Group of Companies products. Shumani, which means “Let’s make it work” in Venda, is a proudly South African black-owned company, managed within the industrial and construction market sectors. The company is responsible for the supply of the Group’s entire range of industrial and construction equipment to the local mining, construction, industrial, warehousing, and manufacturing market sectors. The full support of the Goscor Group of Companies, and access to the Group’s massive pool of expertise and competencies, position Shumani as a trusted level 2 B-BBEE industrial equipment provider committed to exceeding customer expectations.
Shumani Contacts:
Victor Nemukula
Managing Director
Phone: 0861 748 6264
Cell: 079 873 9163
Email: vnemukula [at] shumani-industrial [dot] co [dot] za
Web: www.shumani-industrial.co.za
Shaun Morton
Operations Director
Phone: 0861 748 6264
Cell: 082 894 6033
Email: smorton [at] shumani-industrial [dot] co [dot] za
Web: www.shumani-industrial.co.za
Media Contact
Nomvelo Buthulezi
PR Accounts Manager
NGAGE Public Relations
Phone: (011) 867-7763
Fax: 086 512 3352
Cell: 083 408 8911
Email: nomvelo [at] ngage [dot] co [dot] za
Web: www.ngage.co.za
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