Master Builders South Africa

Annual Report 2017

REPORT BY THE PRESIDENT

The past year has been a challenging one for MBSA, our sector and the country as a whole due to various endogenous and exogenous factors which have been widely reported by local and international print and electronic media ranging from economic volatility, political uncertainty, tough trading conditions, razor thin margins, falling profits, job losses, cabinet reshuffles, ratings downgrade, a technical recession, record unemployment figures, increasing and deepening levels of poverty, and the concomitant effect on inequality, rampant crime, instability in our criminal justice system, #Fees Must Fall, #Gupta Leaks, fruitless and wasteful expenditure reports by the Auditor-General as well as policy and regulatory uncertainty exacerbated by the delay in the final approval, signing and gazetting of the Construction Sector Charter Codes by the Minister of Trade and Industry...

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