13 March 2019 1 Min Read
Fall of construction giant Group 5 ‘is the government’s fault’
Construction company Group 5 said its financial constraints had worsened.
Image: Joao Silva for The New York Times
Image: Joao Silva for The New York Times
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The looming demise of SA construction giant Group 5 shines the light on a cash-strapped government unable to pay for large-scale projects, say economists and business rescue experts.
On Monday, the company announced it was going into voluntary business rescue, as its financial woes put the jobs of thousands at risk.
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