Investment in building work has shifted significantly from Gauteng to Cape Town, with JSE-listed construction and engineering group WBHO blaming the political leadership in Gauteng for this trend.
CEO Wolfgang Neff said WBHO’s building division is under pressure, because very little work is available in Gauteng.
“Not long ago, our Gauteng division was four times the size of our Cape Town division.
“Work in Cape Town will likely soon surpass Johannesburg and Tshwane combined, which is very sad considering that Joburg is meant to be the economic hub of South Africa.