WBHO sees 67% jump in profit, believes the cycle has bottomed out

Despite the changing political landscape in South Africa, the construction industry, which has been in the doldrums over the last 24 months, will not immediately experience a change in fortunes, warns Wilson Bayly Holmes-Ovcon (WBHO) CEO Louwtjie Nel. “Government has lots of obligations. We won’t see any big projects soon”.