Tag: ContractManagement

At the beginning of the year, there was cautious optimism that the construction environment, while still constrained, might at least become more predictable. However, that optimism did not last. Within weeks, the Iran conflict and disruptions to global energy markets pushed fuel prices sharply higher. The knock-on effects spread across the entire construction delivery chain. They affected plant operations, transport, materials, labour allocation and project timelines.

This year has been marked by significant geopolitical instability. As the conflict in the Middle East continues, South African importers face pressure from three sides. Fuel costs are rising. Supply chains are disrupted. In addition, the Rand, already one of the world’s most volatile emerging market currencies, now carries a war premium on every international transaction.