Master Builders South Africa

Annual Report 2016

FOREWORD BY THE PRESIDENT

The South African economy continues to show weaknesses. Global economic growth rates are below their long run averages. In South Africa, continued depressed commodity pricing, uncertainty around the impact of Brexit on our domestic market, fragile labour relations, concern over electricity and water security and a predicted zero% GDP growth rate for 2016 all impact negatively on an outlook for the South African building sector that does not look promising

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