Public infrastructure spending crucial to recovery

WHILE the GDP has seen some growth in the past four quarters, the construction industry remains key to recovery and creating jobs, says chief financial officer of GVK-Siya Zama, John de Sousa.

Investor sentiment has started to shift since Q3 this year and this augurs well for the industry and the country. “We are hoping to see the fruits of this in the next year as Covid gradually loses its grip on the country.”

Another catalyst to the recovery of the industry will be government infrastructure spend which, De Sousa says, is vital for job creation and economic recovery.

“Government infrastructure spend and the roll out of projects and services to communities remain critical to the wellbeing of our country and its people. The government can jump-start the economy and create numerous jobs through infrastructure spend.

“In turn, the construction industry plays a multifaceted role in economic growth through skills transfer, SMME growth and development and creating local employment in communities where projects are taking place.”

The construction industry can expedite economic recovery and help create jobs. PICTURE: PIXABAY