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Inyatsi to target larger markets as it seeks to double turnover in two to three years

DRIVING FACTOR Water infrastructure and road infrastructure would significantly drive construction growth across Africa

Photo by Duane Daws

SUCCESSION PLANNED Inyatsi chairperson Frans Pienaar and new operations director Tommy Strydom stressed that the organisation’s strategic imperative is to build stronger relations

7th October 2016

By: Mia Breytenbach

Creamer Media Deputy Editor: Features

  

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Infrastructure construction specialist Inyatsi Construction Group Holdings plans to target larger markets and increase its turnover from R1.5-billion currently to more than double in the next two to three years.

“Growth creates opportunities, and growth [such as this] requires intentional succession planning at all levels in the organisation,” Inyatsi chairperson Frans Pienaar noted at a media briefing in Johannesburg last month.

He explained that, as part of the succession planning strategy, the executive committee would evolve to allow for the next generation of leaders to step forward and take the organisation into the future.

The group’s new operations director Tommy Strydom also stressed that the organisation’s strategic imperative was to build stronger relations in the markets where it operated, such as in the construction sector, and to enter new markets, including the African mining industry.

“Emerging trends are changing the face of the construction industry on the African continent more than anywhere else. Therefore, we are repositioning the company with re-engineered thinking for the long-term growth trajectory expected for the continent,” he said.

Former COO John Hamilton has been appointed as new group MD.

Prominent Presence
Subsequent to Inyatsi’s increasing prominence in the market, there had been an increase in local and international clients approaching it for requests for proposals for infrastructure and construction project work in the past four months, Pienaar pointed out.

Inyatsi has this year secured more than R1billion in project work and is currently involved in several projects for various funding agencies, which include the African Development Bank and the European Union (EU) Fund. Projects for the EU fund, in Swaziland, include two water reticulation and distribution projects. Other projects include three road projects in Zambia and one in Swaziland, as well as the Beira port access road project, in Mozambique.

Pienaar noted that infrastructure for human needs, particularly local and bulk water supply, reticulation, sewerage and water purification, as well as road infrastructure, would significantly drive construction growth – currently estimated at more than $134-billion a year – across Africa over the next few decades.

Despite an increasing shift from urban to rural infrastructure spending, including habitation spending in South Africa, Pienaar maintained that there remained significant demand for work in urban areas, particularly regarding infrastructure upgrades. “This is as a result of a material backlog in infrastructure updating across the country,” he suggested.

While there has been a slight decrease in megaprojects in South Africa, Pienaar highlighted the significance of State-owned power utility Eskom’s prominent megaprojects Medupi, Kusile and Ingula power stations in the construction sector.

He also underscored that new infrastructure projects stemming from the National Development Plan would be realised in the near future.

“The influx of projects will be like a dam wall breaking and Inyatsi [must] be ready for that,” Pienaar said.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

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