http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.93Change: 0.00
R/$ = 12.67Change: -0.01
Au 1095.49 $/ozChange: 0.31
Pt 984.00 $/ozChange: 2.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Aug 20, 2009

Creating 500 000 jobs by year-end 
an ambitious target – KPMG

Back
Construction|Africa|PROJECT|Project Management|Projects|Sustainable|Africa|Services|Infrastructure
Construction|Africa|PROJECT|Project Management|Projects|Sustainable|Africa|Services|Infrastructure
construction|africa-company|project|project-management|projects|sustainable|africa|services|infrastructure
© Reuse this



Government’s target of creating 500 000 jobs before the end of the year is 
“ambitious”, says audit firm KPMG project advisory services 
director Jeff Shaw.

“One of the difficulties that government will have, is measuring where, when and how jobs are created. I am aware that, in the new government structure, a Planning Commission, together with a Monitoring and Evaluation function, has been established in the Presidency and, in the long term, that will help to put in place accurate measures for job creation,” states Shaw.

He points out, that in order to create more jobs, a realistic and sustainable view of economic growth and opportunity needs to be adopted by South Africa to 
encourage and fulfil the upliftment of its people.

The recent World Economic Forum raised awareness around the dire need for social upliftment and job creation – globally – as a result of the recession.

KPMG believes that the key driver for sustainable job creation lies in government’s R787-billion infrastructure spend. 
This initiative will only realise the expected benefits if clear socioeconomic targets are set at macro level and then rolled out to every project in a way that can be monitored and managed. 
Putting in place the processes 
necessary to plan and monitor the infrastructure spend will take time.

“If one looks at the infrastructure initiative, I do not believe that we are vastly different from the rest of the world. KPMG 
recently carried out a series of global surveys centring around infrastructure, which have indicated that, with small regional differences, the global view of the benefits and challenges facing 
national infrastructure programmes are surprisingly similar.

“Globally, survey respondents see the lack of adequate infrastructure as limiting economic growth and there is consensus that infrastructure delivery stimulates economic growth. Clearly, though, the impact of the spend as a key driver to getting economies out of the slump is a function of how quickly, efficiently and effectively the projects can be delivered.”

Shaw adds that, according to the KPMG survey, globally, the number one concern around getting infrastructure moving relates to government’s effectiveness.

“About 76% of the respondents said government’s effectiveness is seen as the major risk to infrastructure delivery, and that 
includes South Africa. Provided it is well structured and managed, the infrastructure spend has the potential to spur development, but it needs to be done correctly and efficiently.”

He notes that, throughout the world, there is doubt about stimulus packages because governments find it difficult to get mega projects off the ground.

In the developed countries, 
infrastructure programmes tend to focus on replacing or upgrading existing assets, but in South Africa most people still lack basic amenities, and the infrastructure programme is focused on new assets.

“In the past, most of the focus in our projects was on the traditional project management imperatives of time, cost and scope of the end product. 
“We believe that socioeconomic objectives will become as important as the traditional measures of project success.

“Since 1994, all government projects include a social upliftment component. Our view is that all significant government contracts should require achievement of specified socioeconomic goals, which will differ from project to project. This will require a much higher level of planning and management from both government and the contractors and vendors,” states Shaw.

He emphasises that measurable objectives should be set, covering a wide range of socioeconomic 
objectives, both during construction of the infrastructure and during its economic life.

Edited by: Martin Zhuwakinyu
Creamer Media Senior Deputy Editor
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Construction News
Embattled South African steel producer ArcelorMittal South Africa (AMSA) has offered insight into the “fair pricing model” it has tabled before government in return for tariff protection and a government stipulation that locally manufactured steel be designated for...
Dangote Cement revised its 2015 spending plans to $1-billion from the $700-million estimated nine months ago after it commissioned two new African plants this June, Nigeria's biggest listed company said on Friday. The company, majority owned by billionaire Aliko...
JSE-listed Accelerate Property Fund has raised R500-million in an accelerated bookbuild, through the placing of 76.5-million new shares at R6.53 apiece. The proceeds would be used to reduce a portion of the company’s acquisition debt, including for the acquisition of...
More
 
 
Latest News
Embattled South African steel producer ArcelorMittal South Africa (AMSA) has offered insight into the “fair pricing model” it has tabled before government in return for tariff protection and a government stipulation that locally manufactured steel be designated for...
Telecommunications group Telkom on Friday said it had posted a 1.7% uptick in net revenue for the three months to June 30, on the back of a strong performance by mobile on data revenue and higher fixed-line subscription revenue. Mobile net revenue for the first three...
Dangote Cement revised its 2015 spending plans to $1-billion from the $700-million estimated nine months ago after it commissioned two new African plants this June, Nigeria's biggest listed company said on Friday. The company, majority owned by billionaire Aliko...
More
 
 
Recent Research Reports
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Construction 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Electricity 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Road and Rail 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
 
 
 
 
 
This Week's Magazine
Daimler truck test engineer Dirk Stranz pushes one button, and then retracts his hands from the steering wheel of the Mercedes-Benz Future Truck 2025. “And now the truck is driving itself.”
The statutory body responsible for skills development and support in the banking sector, BANKSETA, was investing R68-million in the capacity building project of the University of Venda (UniVen), announced Bankseta company secretary Caroline King at a media event in...
LIONEL MOYAL Cloud services providers must compete against other cloud services providers for business by providing up-to-date systems and services
Legacy information technology (IT) systems are becoming increasingly obsolete because of the maturity, efficiencies and cost effectiveness of cloud-based IT services, says information and communication technology major T-Systems subsidiary Intervate head Lionel...
ARMANDÉ KRUGER Balancing the collection and processing of data must be aligned to strategy
Many complementary services enable companies to derive broad value from data inside and outside them. The complexity of data management means that companies’ strategies determine the various data systems and functions they will use, says PBT Group regional sales...
The South African Civil Aviation Authority (SACAA) has announced that it had awarded the country’s first remotely piloted aircraft systems (RPAS) pilot’s licence. It was issued on Friday, July 10, to SACAA employee and qualified commercial pilot Nicole Swart,...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96