Tuesday, 19 May 2015 14:00

Consruction Industry urged to Invest in Skills Development

The lack of skills is still a concern for the construction industry despite the announcement by Minister of Finance Nhlanhla Nene in the 2015/16 Budget Speech of R813-billion in infrastructure spending for the next three years.

Financial services company Nedbank Property Finance continues to partner with Wits Enterprise to form the Nedbank Property Finance Academy as a way to mitigate the challenge.  “The sustainability of the country’s property industry, which includes construction and the financing thereof, rests more on its people than it does on property. The reality is that, without access to a healthy pool of qualified and skilled talent, the South African property industry faces a significant structural risk,” explains Nedbank Property Finance head of human resources Portia Muyunda.

The Nedbank Property Finance Academy, endorsed by the South African Property Owners Association, has over the past seven years produced 296 Nedbank graduates from Gauteng, KwaZulu-Natal and Cape Town, who have completed a ten-month programme.

The lack of skills is still a concern for the construction industry despite the announcement by Minister of Finance Nhlanhla Nene in the 2015/16 Budget Speech of R813-billion in infrastructure spending for the next three years.

Financial services company Nedbank Property Finance continues to partner with Wits Enterprise to form the Nedbank Property Finance Academy as a way to mitigate the challenge. “The sustainability of the country’s property industry, which includes construction and the financing thereof, rests more on its people than it does on property. The reality is that, without access to a healthy pool of qualified and skilled talent, the South African property industry faces a significant structural risk,” explains Nedbank Property Finance head of human resources Portia Muyunda.

The Nedbank Property Finance Academy, endorsed by the South African Property Owners Association, has over the past seven years produced 296 Nedbank graduates from Gauteng, KwaZulu-Natal and Cape Town, who have completed a ten-month programme.