The ANC’s land summit decision to expropriate land without compensation has raised concerns for a negative impact on property valuation and a consequent risk to the banking sector, but it should be viewed in context. Land restitution in South Africa is an imperative if we are to live in a just society. When South African soldiers returned from World War 2, the white soldiers were given farms and the black soldiers received bicycles. The forced removal of black people from areas such as District Six and Sophiatown shredded the social fabric of those communities and is one of apartheid’s greatest crimes. The formal opinion of both Justice Albie Sacs and former president Kgalema Motlanthe is that no change is required to the constitution to effect land reform. The ‘fair and just’ clause allows for the state to decide on the level of compensation. A spectacular example of the failure to exercise this clause was the R1bn market related payment in 2013 by then Land Reform Minister Gugile Nkwinti to the Rattray family to return the game farm Mala Mala in the Sabie Sands to the Mhlanganisweni community. Much of the frustration around land reform is a result of policy confusion, weak institutions and corruption which has been conceded by the ANC and it is the task of the new minister Maite Nkoana-Mashabane to address these issues. The unfounded anxiety is that the ANC will resort to Zimbabwe-style banditry. The statement from the ANC land summit clearly states, “We must ensure we do not undermine the future investment in the economy or damage agricultural production or food security” and a material deviation from that sentiment would undermine President Ramaphosa’s aggressive foreign investment initiatives.
We recently returned from a trip to Norway. It was a poor rural agricultural and fishing nation until the discovery of offshore oil in the early 1970s and it now has the second-highest GDP per capita in the world after Switzerland. The country has used its oil wealth to develop expertise in the building of tunnels and ferries which makes getting around Norway a largely stress-free experience. The transport sector in Africa and particularly Cape Town City should possibly take a leaf out of Norway’s book. A tunnel from Hospital Bend to Wynberg Hill and another from Silvermine to Glencairn would ease the now near-impossible traffic congestion as would ferries from Simon’s Town and Milnerton to the Waterfront. Perhaps when the DA city managers start to think clearly again they should make an exploratory visit to Bergen.
The compliant private security industry consists of legally-registered business entities that provide on a contractual basis a broad range of services and technology involved in the monitoring, protection and safeguarding of people and property. Demand for private security services in South Africa is driven by the high level of crime, the inability of the South African Police Service to hold back the criminal onslaught and the public’s increasing lack of faith in the police’s ability to solve crimes. South Africans are now spending an estimated R50bn annually to pay approximately 500,000 registered security officers employed by almost 9,000 compliant service providers, to safeguard their lives, homes, businesses and assets.
Get the full report here: Investigating & Security Activities Including Vehicle Tracking A Sector under Pressure The private security industry is under pressure, confronted by problems arising from the move to the insourcing of security services following the #feesmust fall campaign at tertiary institutions and potential job losses from the move to hybrid man-machine guarding systems. According to the Private Security Industry Regulatory Authority (PSiRA), within the sector there are many non-compliant companies as well as many illegal, often foreign security officers, especially in the car guard sector. Also of concern to role players is the controversial Private Security Industry Amendment Bill that if approved, will give power to the Minister of Police to expropriate up to 100% of a foreign-owned security company and limit foreign ownership of private security companies, including electronic equipment suppliers, to 49%. Report Coverage The detailed report on investigation and security activities describes current conditions, recent developments and factors influencing the success of the industry. Profiles for 37 companies are provided. Included is new company Fidelity ADT, the result of a merger valued at R2bn between Fidelity Security Group (Pty) Ltd and US-based Tyco International in March 2017. The new entity, which includes the ADT Kusela guarding business, will be 100% South African owned and a 54.62% black-owned company. Also profiled are smaller local companies such as Transcash (Pty) Ltd active in the cash-in-transit sub-sector, and iFacts (Pty) Ltd, a provider of verification services. Would you like to know more? These historical reports may also be of interest: Investigating and Security Activities Including Vehicle Tracking / July 2016 Investigation and Security Activities Including Vehicle Tracking / August 2014
Tanzania’s construction sector is characterised by a large number of micro-entrepreneurs, the majority of whom operate in the country’s informal economy. The country’s formal construction sector comprises indigenous and indigenised firms, as well as numerous major foreign civil engineering and construction companies. As an industry with linkages to all sectors of the economy, the construction sector performs a pivotal role in Tanzania, as well as across the East African trade bloc. According to the Tanzanian National Bureau of Statistics, the market value of the construction sector at current prices increased from approximately US$6.6bn in 2016 to more than US$7bn in 2017.
Download and share our infographic on The Construction Industry in Tanzania or find the full report here: The Construction Industry in Tanzania Major Infrastructure Projects The growth of Tanzanian construction sector continues to be underpinned by the roll-out of major public infrastructure development projects. Infrastructure investment is largely concentrated in power generation and in the transport sector, with a particular focus on the development of the country’s ports, roads and railway lines. Of growing importance is the demand for housing and other social infrastructure. Tanzania’s substantial housing backlog is estimated to exceed 3 million residential units and annual demand for housing is in the region of 200,000 units. Report Coverage The Tanzanian Construction report focuses on current conditions, developments in the sector, the key drivers and the challenges that the industry faces. Profiles for 32 companies active in the sector are provided. Included are Chinese companies such as China Civil Engineering Construction Corporation, China Communications Construction Company, China Merchants Port Holdings Company, China Railway Group and China Wu Yi Company Ltd which are proving to be particularly competitive, especially in the civil construction market. Also profiled is Estim Construction Company Ltd which has subsidiaries in Mozambique and Zambia but whose headquarters are based in Tanzania. Alvic Builders (Tanzania) Ltd is another company with headquarters in Tanzania which undertakes projects throughout Africa. Like what you see? You may also find these historical reports of interest: The Infrastructure Industry in Tanzania / October 2015 The Infrastructure Industry in Tanzania / May 2015 The Infrastructure Industry in Tanzania / Nov 2014