It’s a time of year when exactly what we should be focusing on is not immediately apparent. We’re still stuck with the same preoccupations that we carried over from 2018 – none of them in any way inspiring. This year has brought little by way of solutions.

But now we have begun to pass through a season of other essential things, like conferences and award ceremonies. Our own conference was a stimulating event and I hope we’re still somewhat revved up by the resolves we all made there in a spirit of renewal.

John Matthews, President, Master Builders South Africa

There are also some ironies like the KZN 2019 Awards for Excellence in Construction and the SAISC Steel Awards 2019 this month in counterpoint to the news that companies in the steel industry have reported 10 000 jobs lost in the past five years due to a number of negative factors that don’t seem to have any prospect of going away. Like cheap steel imports at below the cost of local production, and very low demand. This was underlined by the announcement of the voluntary liquidation of downstream steel supplier Robor. 

Paolo Trinchero, CEO of the Southern African Institute of Steel Construction is reported as saying that the job losses have been predominantly suffered by employees of only five or six companies. That more retrenchments are planned is not really news, as the steel industry has been in decline since 2014. By now, it may have passed its tipping point, is an opinion he’s put on record. 

Another irony, related to the woes of the steel industry (not the only one to offer bad news) is that President Ramaphosa’s controversial speech of dreams that envisaged a new smart city and bullet train for South Africa at the start of the year, could be the way to go.

Quoted in the Daily Maverick, Trinchero says: ‘What the sector needs is positive sentiment and engineering projects it can get its teeth into. But how do you do this when there is no strength on the balance sheets of state-owned enterprises? You build a bullet train to Durban, Cape Town and Harare; expand the Gautrain; get trucks off the roads. Government will not need to finance this, it will have to facilitate the process, but then it can step out of the way. What we need is leadership that dreams.’ He is yet to explain this in detail.

And the outlook for yet another sector looks bleak with the announcement that the Institute for Timber Construction South Africa (ITC-SA) is preparing to enter dormancy.

According to an Engineering News report, ITC-SA General Manager Amanda Obbes says the resolution comes as a major blow, not only to the Institute as a critical and essential custodian of the sector, but to its members who deliver world-class timber constructionroofing and decking. ‘Without an entity enforcing high standards and protecting the consumer, the future of quality timber roofing and construction in South Africa is uncertain,’ she says.

So, it’s not really surprising that the FNB/BER building confidence index during the third quarter of this year stood at what was reported to be a 20-year low of 22, from 29 in the second quarter, indicating that close to 80% of respondents are dissatisfied with prevailing business conditions.

That probably sums it up.




If you’re looking for predictions about where South Africa is going in 2019, you’re spoilt for choice. Mainstream and social media, as well as informal opinion platforms are full of experts happy to offload their views – many of them negative. It’s a doomsday theorist’s delight, and it can be very destructive.

John Matthews, President – Master Builders South Africa

Many of the problems revolve around Government’s apparent reluctance to deal with the fallout from the country’s nearly decade-long economic calamity – and the inadequate retribution, if any, for offenders.

Frustration is not unwarranted, but there are glimmers of light that many of us either don’t trust, or fail to see. To move on from the major roadblock we have experienced is going to need a very positive attitude and some belief that what is being done right now, is as good as it can be for the time.

There is a strongly-held opinion that after the May elections some really effective changes will be made when Cyril Ramaphosa, and those in his Cabinet who support him, feel more secure in their position. There’s a hint of those changes in some of the President’s moves to repair historic damage during 2018. According to Media24, Citadel economist Maarten Ackerman believes that government will be enabled to concentrate on the business of governing when it “receives a solid mandate from voters”.

And on a positive note, the trade publication SA Commercial Prop News reports that SA’s REIT sector is expected to produce double-digit total returns for investors this year. Confidence that listed property will make a sharp recovery in 2019 is bolstered by the sector’s offshore exposure, “as well what looks like the start of a recovery of consumer confidence in SA.” So if we’re feeling bullish, we are not alone.

With education having been MBSA’s abiding theme in 2018, we must continue to focus on the successful training and teaching of South Africa’s young people, many of whom are still falling through the cracks, in spite of the national applause for the apparently high percentage of passes in the recent Matric results.

The statistics are hiding the fault-lines in our education system and we as an industry need to help set the real minimum standards for effective basic education, training and qualifications, even if only to ensure competent students wanting to enter our own industry. We cannot ignore the huge numbers of children who drop out of the education system and don’t make it through to the final grade. That is the statistic that should be of greatest concern to educators, government and big business if we really believe in redressing inequality.

And while on the subject, let statistics not be the only benchmark for success and achievement. We need to be sure that the basic education offering in South Africa is superb, the teaching both professional and nurturing and the schools well-equipped. That should be our yardstick for excellence, while at the same time recalling the philosophy of social reformer, abolitionist, statesman and a former slave, Frederick Douglass, who said: “It is easier to build strong children than to repair broken men”.

Good luck to us all this year


Construction Industry Under Siege

Construction Industry Under Siege

Protesters storm the Oceans uMhlanga construction site in April 2018.
Photo: IOL

Our construction industry remains in the headlines for all the wrong reasons. This is not only due to the disastrous legacy of the Zuma era and government’s ongoing indecisiveness in creating economic confidence, but also to the steady expansion of “the construction mafia” – which has now infiltrated Gauteng and other provinces from KwaZulu-Natal.

This is according to Musa Shangase, President of Master Builders Association North (MBA North) in his Presidential address to some 200 MBA North members, office bearers, industry stakeholders and guests at the organisation’s annual Awards Dinner held in Centurion in October.

Musa Shangase, President of Master Builders Association North

Our industry is in dire straits with no direction or certainly – exacerbated by shrinking margins, delayed- or non-payment for work completed, rising costs and decreasing revenue.” said Shangase. “Yet in this difficult environment MBA North continues to strive ahead to the benefit of the industry and its members, creating and driving innovative solutions directed at addressing these issues.”

Such initiatives by MBA North include the recent formation of a sub-contractor sub-committee to engage with government to resolve the issue of non-payment; and the Construction Health and Safety division which will implement the new ISO 45001 standard from February 2019.

MBA North Past Presidents in attendance were: Manie Bosch (Formwork Logic), Rui Lavarinhas (Ohlhorst Africa), Pieter Rude (GD Irons) and the Immediate Past President Jason Wilmot (Sir John Hire).

Office Bearers present were: current President Musa Shangase (Corobrik), Vice Presidents Wayne Albertyn (Gothic Construction) and Sello Mokawane (SNS Projects) and Treasurer, Mandla Danisa (4square Projects Group).

MBA North Executive Director, Mohau Mphomela, gave special thanks to the evening’s sponsors: Anquet Construction Solutions (Managing Director Refiloe Mallela – who is currently the Vice President of SAFCEC), Derbigum reinforced waterproofing systems, Kanye-Kanye Projects Africa and FEM.

The following members were honoured with Long-standing Member Awards:

Long-standing Partner Award: Federated Emlployers Mutual (FEM) : 80 years of partnership between FEM and MBA North

Long-standing Member Awards:

55 Years Corobrik

55 Years Ohlhorst Africa

50 Years Edilcon Construction

35 years Mjenzi Construction

30 Years Ambient Contracting Services

25 Years Prodec Paints

10 Years Archstone Construction

10 Years Cairmead Industrial Consultants

10 Years Amkhoib Contractor Consultants

10 Years CKJ Building Construction

10 years Curasure

Recipient of the Presidential Award went to Past President Manie Bosch of Formwork Logic for his dedication and significant contribution to the work of the Association over the years.



My natural optimism may not have been immediately evident as we started our blockbuster 113th Master Builders South Africa (MBSA) Congress in Port Elizabeth, but it’s my belief that there is a distinct difference between gloomy pessimism, and a good hard airing of the facts, however unpalatable, with the object of finding solutions.

John Matthews, President, Master Builders South Africa

It was in the latter mode that we found ourselves as we gathered at the Boardwalk Convention Centre to examine an industry that faces some of its hardest times ever, and ways to do something about it.

Several of the problems have their roots in history, like the lack of skilled labour and supervision, and others have resulted from additional costs to the industry for compliance, health and safety measures in the face of shrinking margins. And more immediately, there is the regular news of businesses in trouble as a result of non-payment.

We cannot ignore the R6.6 billion currently owed by clients, both private and public”

The announcement by President Ramaphosa of an allocation of funds for government projects is, on the one hand, encouraging, but means nothing if there is a lack of will to execute. And for government to be among the biggest debtors to the industry makes his pronouncement somewhat of a hollow promise.

What did emerge from all of this, is that the building industry is not surprisingly, too dependent on government for its work. Which is probably a by-product of there being a distinct lack of business confidence among players in the private sector right now. As a result of political chicanery.

This is a fact of life for the time being, and, without any big changes (fast), to a time when infrastructure spending eventually resumes in earnest, the builders who survive will be leaner, and skills will have to be sourced elsewhere than from our own workforce.

The really big changes that will bring about renewed health in the building industry may not be short-term, but they are nevertheless essential – the primary one being to start generating a passion for construction as a career of first choice. And then training and developing those who choose the industry, from a very young age – as early as primary school level.

And when it comes to training and its application we have to realise that the existing training opportunities have to be properly organized and integrated to reflect a truly cohesive approach.

I also advocate a healthy streak of cynicism that includes our view of the escalating role of the Chinese in our economy. They will not be here to develop local skills and may instead, insist on importing skilled labour at lower cost, thus creating more debt.

And if we as an industry, as a country, have any hope of moving forward, we have to pay more than lip-service to the eradication of fraud and corruption. We’re in this state we’re in because of it.

Ever-optimistic, I look forward to a day, during my tenure as President of the MBSA, if I were to be so fortunate, when I am able to write this Comment to report a month at the very least, when South Africans could look back on real economic progress and forward to a brighter future. But as we look back on our 113th MBSA Congress, the South African Building Industry remains in undeniably turbulent times where uncertainty is about the only conclusion we can reach right now.

However, we don’t – as hardy South African survivors of the slings and arrows of scandal and skulduggery – let a little thing like adversity get us down. We look for where the upside might, possibly, emerge on the wide horizons of the country we all love so fiercely.

Perhaps it’s in the visit of the British Prime Minister, Mrs May who is prepared to dance, albeit badly, to our tune – offering the hand of renewed friendship and possibly financial gain. Or, we could take heart in the eventual explanation by our President of what the government really means by expropriation without compensation.

We could also hope that China’s proposed escalation of direct investment in South Africa might do more good than harm. We are already the second largest recipient of Chinese FDI in sub-Saharan Africa and the relationship has the virtue of longevity with our biggest trading partner.

With a reasonable assurance that increased investment will nowadays make its way into the SA economy and boost our collective business, we could feel a glimmer of hope.

Notwithstanding the odd possibility of another hidden agenda.




August started out with Zimbabweans demonstrating in the streets of Harare because they reckoned the results of their general election had been rigged. There were threats of making the country ungovernable. South Africa kicked off Women’s Month with mass marches intended to shut down the economy – even if just for a day. Women have had enough of gender-based violence and Zimbabweans have had enough of political chicanery. But the protests weren’t having much success.

John Matthews, President – Master Builders South Africa

Then there’s the business breakfast covered in this month’s SA Builder, which tried to make sense of what was going on in the South African economy. With limited results, because the breakfast took place and the analyst made his pronouncements before Cyril Ramaphosa announced his late-night confirmation that the SA Constitution would be amended to allow land expropriation without compensation. This even before all the hearings were complete! The rand went pear-shaped again.

The prospects for settlement in Zimbabwe look bleak, and we could easily, here down south, view what’s happening there as a prototype for things to come. But we’re different, we pull the rabbit out of the hat at the last minute and breathe a sigh of relief – don’t we.

So we’ve established that making predictions has become a tricky business, because in the time it takes to bring this magazine to its readers, just too many things could change. Instead, we will concentrate on where we can make a difference in the short term.

It’s Women’s month. An interesting phenomenon, because we actually believe every month belongs to women. But, if it’s a time to take stock of a woman’s role in all quarters of our humanity, then perhaps we should look at where women may be drawing the short straw in terms of jobs, security, income and influence.

If one checks the archives, it’s been a long time since women’s ostensibly minor role status in the construction industry, for instance, has been examined in any depth in the media, which could mean that it’s just one of those inconvenient truths that’s swept under the rug. Or, perhaps everyone thinks things are ok, and if it ain’t broke, don’t fix it.

Women have absolutely continued to take their place in the professional strata of the industry in increasing numbers, with engineers, architects, quantity surveyors and other executive leaders being drawn from the ranks of women who have become qualified for those jobs, no question. But who can honestly say that women are actively encouraged to enter the building industry? Are women appointed to jobs in construction largely with gender equity in mind, or is there a strong feeling that their presence improves the quality of the industry?

It’s probably a very individual thing, and attitudes will differ. The women we know in the building industry do a very good job, they are viewed as equal players by their male counterparts and the women in turn, judge their colleagues by their capability rather than their gender. So, the playing field could be viewed as being level from our perspective.

But it’s not like that everywhere, and a few years ago women interviewed by a national news platform still felt that there was an inequity, grounded in the prevailing disparity in numbers between men and women employed in the building industry.

Among those who had successfully integrated into the industry, one woman said that she nevertheless felt she was being second-guessed by her male colleagues although she was equally qualified. At the time the story was published, women were urged to state their view and stand their ground. Some said they did, and were successful.

But significantly, some of the women interviewed brought up the issue of whether the predominantly masculine tone of the industry meant that women had to abandon their femininity to succeed.

This issue has been endlessly debated without much resolution, and as long as the players in an industry feel that their case has to be argued from a gender point of view, the lines will remain drawn.

We believe that aptitude, qualifications, skill, and dedication are the only criteria for a successful career in the building industry and there’s simply no place for professional gender inequity – here, or anywhere else.




Just how volatile that thing we call ‘sentiment’ can be, is illustrated by the business sector’s massive surge in confidence in the first quarter of this year. Jumping from 34 in the last quarter of last year, the RMB/BER Business Confidence Index made a blockbuster jump to 45 in the first three months of 2018.

John Matthews, President – Master Builders South Africa

And just as swiftly, it dropped back to 39 in this year’s second quarter.

The jump and its subsequent retreat were driven, as it turns out, by what a lot of people believe was just one factor – vain hope that a change in the country’s leadership was going to give the economy a quick boost.

Seriously, it’s not hard to be optimistic when it looks like that helicopter is coming to save you from the roof of your flooded house as the water rises, but when the darn thing crashes and burns, nobody’s going to blame you for being a bit downhearted. Specially if you feel that the pilot made an unforced error, scored an own goal, or missed the posts by a mile.

In a masterful understatement, BER analysts say the result of their research indicates that right now, close to three fifths of respondents regard prevailing business conditions as ‘unsatisfactory – a disappointing outcome, yet probably an accurate reflection of reality’.

But while despair is not advised (don’t forget, this has all happened before) it’s also not the time for extreme acts of heroism, like diving off the roof into the flood-waters and swimming against the current.

As those in the Cape have learned, when the notorious winter storms hit our shores, it’s best to batten down the hatches and weather the squall. Somehow.

Some of us suffer more than others, and the vulnerable are the most frequent victims.

But in the building industry, disaster doesn’t only strike the smaller players, and two recent national examples have graphically illustrated exactly that – as in the case of Basil Read and NMC.

It’s not really surprising that South African business is a bit bleak at this point, and the situation only bolsters evidence that perhaps positive sentiment based on an improved political climate is not the only factor to rely on for a better economic outlook.

So if there’s any answer, it could lie in not too easily responding with blind optimism, nor relying on the unknown. And particularly, not placing one’s confidence in the untested.

In an industry that’s as old as the Pyramids, we must have come to some useful conclusions over the aeons, that undoubtedly include the value of taking stock of a situation, considering the downside and planning for the recovery.

Perhaps it’s best to look to the past, and if you’ve been in business successfully for a good number of years, be advised by what brought you through the inevitable tough times before. Maybe you will find that size, or rather, right-sizing, does matter, and make the necessary adjustments.

You know what we’re talking about.


Joyce Dolly Tembe elected for third successive term

Joyce Dolly Tembe elected for third successive term

Joyce Dolly Tembe

On 26 June 2018, KwaZulu-Natal Master Builders and Allied Industries Association held its 117th Annual General Meeting which saw the Association’s first Woman President Joyce Dolly Tembe, being elected for her third successive term.

In her address, the President noted that over the past year, global economic challenges had placed the construction industry under severe strain, resulting in a significant decrease in the number of construction sites which had a ripple effect on unemployment and economic growth.

Ms Tembe stated that notwithstanding these challenges, the Association achieved targets as set out in the medium-term strategy with the next financial year paved for a new and more challenging strategy to take the Association to greater heights.

She stressed that the key priorities of the Association remained growth of the industry, transformation and skills development, quality infrastructure and health and safety compliance. “It is critical that we embrace concepts which are aligned to the national imperatives of our country”, stated Ms Tembe.

The Executive Director of Master Builders KwaZulu-Natal, Vikashnee Harbhajan stated that although there was an increase in business confidence at the start of the year, we were yet to see a noticeable increase in construction projects in the KZN province.

Whilst membership was recorded at 725 at the close of the financial year, it was concerning to note that the retention of members was affected by reports of financial constraints and business closures.

Health and safety remained a priority service to the members. It was heartening to note that the Association had also successfully engaged Provincial Treasury on outstanding payments to members.

She reiterated that Master Builders KwaZulu-Natal prides itself on transformation initiatives and made reference to the Emerging contractor programme, Bursary fund and Vuka Makhi programme. The results for Vuka Makhi for the past year were outstanding with a 100% pass rate, boasting 34 distinctions from those who completed the National Senior Certificate Examination in 2017. Ms Harbhajan took the opportunity to congratulate the top achiever, Bonakele Mkhize of Sikhethuxolo High School in Hammarsdale, for achieving six distinctions.

In its efforts to accelerate economic transformation, the Association finalised a Good Practice Note comprising guidelines on the implementation of the Preferential Procurement Regulations and Construction Sector Code, with workshops planned across the province.

Vikashnee Harbhajan, Executive Director, Master Builders KwaZulu-Natal

It was pleasing to note that the Association once again boasted an unqualified audit report.

The Executive Director took the opportunity to congratulate the President on her third term of office as well as the elected Executive Council Members.

2018/2019 Executive Council: Top row left to right: Sam Ngcongo, Lance Ridl, Thys Blom, Vikashnee Harbhajan, Lesley Chetty, Francois Louw, Roland Mudaly, Marcus Gonzalves Front row left to right: Thobekile Ndlovu, Vic Naidoo, Khanyisile Khoza, Joyce Dolly Tembe, Patricia Moodley, Moegamat Behardien

The Executive Council elected for the next term of office is as follows:
Joyce Dolly Tembe, Sakhisizwe Development Training – President
Vic Naidoo, Sibonele Africa (Pty) Ltd – Vice-President
Sam Ngcongo, Bencon Building and Civils – Vice-President
Francois Louw, MET Builders – Vice-President
Lance Ridl, Ridl Construction – Vice-President
Moegamat Behardien – Immediate Past President
Thys Blom, Plankonsult
Marcus Gonzalves, FS Gonzalves Construction
Roland Mudaly, Aveng Grinaker LTA (Pty) Ltd
Lesley Chetty, Amandla Construction
Patricia Moodley, Globacon (Pty) Ltd
Khanyisile Khoza, Bahlomile Development and Project Solutions
Thobekile Ndlovu, Thobethulani Trading CC

MBSA appoints Cape property industry leader John Matthews as new national President

John Matthews appointed as President of master Builders South Africa

MBSA appoints Cape property industry leader John Matthews as new national President

John Matthews, Group CEO of the Cape’s oldest and largest suburban development company, Garden Cities, has been appointed President of the Master Builders South Africa (MBSA) to succeed the former President, Bafikile Bonke Simelane.

Previously Vice-President of MBSA, Matthews has also held office as President of the Master Builders Association Western Cape, and he brings a personal and professional life of dedicated service and experience in the building industry to his new position.

On his appointment, Matthews says he resolves to promote the MBSA’s long-term vision to be true to the building industry’s principles, and the philosophy of helping people, as a primary concern – an objective shared by Garden Cities, which celebrates its centenary in 2019.

Headquartered in Cape Town, the company provides homes and essential infrastructural elements that include medical, sporting and leisure facilities, retail centres, and schools. Twelve years ago it also established the Archway Foundation which provides halls for under-resourced schools in the Western Cape.

Speaking of the wider industry, and his company, he says: ‘the need for survival can sometimes take one’s focus from core objectives, but the drive to serve your stated goals – in our case, to make a better life for all – must never be abandoned.’

After joining Garden Cities as a 25-year-old UCT B.Com graduate he was appointed CEO in 2002 and eventually took the reins as Group CEO – encompassing both Garden Cities and its construction arm, Pinelands Development Company.

Like his predecessor Similane, Matthews is determined, as MBSA president, to help sharpen the body’s focus on transformation, and he shares a vision of a new, inclusive, just, and more equal dispensation, not only for the organisation but the entire country. Another mission close to Matthews’ heart is the association’s concentration on skills development to ensure the Industry’s transformation.

Born in Kensington, on the Cape Flats, in 1964, Matthews matriculated at Wittebome High School, Wynberg. He graduated from UCT with a B.Com degree in 1985 and began an accounting career at Pinelands Development Company, the sister company to Garden Cities.

He joined Garden Cities in 1990 and rose through the organization to the position of CEO, and subsequently Group CEO, in 2003.

His MBA from UCT, obtained in 1997, specialised in Strategic Management. His areas of interest include the provision of housing and other social services to uplift the people of South Africa in a sustainable manner.

Other positions he has held: CEO of the Archway Foundation, Council Member of the Building Industry Bargaining Council – Cape of Good Hope; and independent member of the Audit and Risk Committee of the University of the Western Cape.

He shares his life with Dr Brenda Matthews, who holds a Ph.D in Psychology, specialising in Bullying in Schools. They have two children aged 27 and 25.
For fun, he reads and loves to travel anywhere.

Wilmot elected President of MBA North

mba_n_logorgbWilmot elected President of MBA North

Master Builders Association North elected Jason Wilmot, director of Sir John Hire, as President at its 113th Annual General Meeting held in Midrand on 2 February 2017. Musa Shangase, Commercial Director of Corobrik was elected Vice President and Wayne Albertyn of Gothic Construction as Junior Vice President.

1-MBA N-PRES-2017-IMG_2810

Musa Shangase, Jason Wilmot and Wayne Albertyn

Bongani Malazi as re-elected President of the MBA North Youth Forum for a second two year term.

Also resent at this auspicious occasion were Honorary life members Peter Buchel, Nico Maas and Rob Giuricich; and Past President’s Nico Maas, Neil Duncan and Lee Smith. 

During my tenure as President I believe we have achieved the goal of building a solid team around the MBAN Executive Director,” said outgoing President Tony Riley. “The new staff are of a high calibre and are key to is energised Association achieving its goals.

During the 2016 financial year the drawdowns on the Association’s reserves were reduced by 30 percent. This continues the effort by the whole MBA North team to ultimately eliminate drawdowns entirely in 2017/2018.

Transformation of the Organisation is key to long term success and industry relevance, the MBAN has continued the journey in 2016 and this has seen the face of the Executive team change significantly.

It is my belief that at times like these, the relevance of MBAN and other MBA associations countrywide are at their strongest. It is our role to represent the interests of our members at the highest level at all times, from a position of being the voice of the industry, within the auspices of the Master Builders South Africa (MBSA),” concluded Riley.

Master Builders Association – North Executive Committee for 2017/2018 is as follows:

Mr Wayne Albertyn – Gothic Construction

Mr Rob Blackbeard – Steel Studio

Mr Brad Boertje – Liviero

Mr Deon Calitz – WBHO Construction

Ms Penny Cornelius – Pro-Plan Construction

Mr Jose Correia – Tiber Construction

Mr Mandla Danisa – 4Square Projects Group

Mr I Duncan – Kevin Bates Flooring & Carpeting

Mr Werner Kroon – W.F Kroon Projects

Mr Bongani Malaza – Ubuhlebethu Business Enterprise

Mr James Martin – SA Paving

Ms Gretchen Matthews – Constructive Consulting Group

Mr Andrew McFarlane – Damp King

Mr Christian Micha – Archstone Construction

Mr Sello Mokawane – SNS Plumbing & Projects

Mr Michael Moloto – M2M Projects

Mr Tony Riley – Builders Warehouse

Mr Musa Shangase – Corobrik

Mr Fanie Stadler – Murray & Roberts

Ms Liana van der Walt – Edelweiss Glass & Aluminium

Mr J Wilmot – Sir John Hire

Mr H Wolfswinkel – HJ Wolfswinkel

Mr Moses Maponyane – Liviero has been nominated as a co-opted Exco Committee member


Master Builders Association North Executive Committee 2017/2018: Standing from Left: Mr C Micha, Mr B Malaza, Mr F Stadler, Mr M Shangase, Mr J Wilmot, Mr W Albertyn, Mr J Martin, Mr W Kroon, Mr H Wolfswinkel Seated from Left: Mr S Mokawane, Mr M Danisa, Mr B Boertje, Ms G Matthews, Mr M Mphomela, Mr T Riley, Mr M Maponyane

3-MBA N-IMG_2796

Rob Price

Guest speaker Rob Price, economist for Investment Solutions in a pragmatic yet light-hearted way spoke of “2017 – The Year After the End of The World,” reflecting a degree of optimism for the future. Despite tough conditions there is a sliver lining on the horizon.