Construction Industry : The Hardest Hit By Die Recent Global Recession

720 Words 3 Pages
The construction industry was, without a doubt, one of the industries in South Africa that was the hardest hit by die recent global recession. With the prevalence of contracts decreasing, construction being cancelled on sites that were already well away and contractors struggling to stay in business, the harsh reality for this industry is that business is currently still looking bleak and all efforts and energy must be focused on, besides securing contracts, saving money.
One of the biggest money wasting culprits in the construction industry is accidents – and few employers realise just how great the effect of an accident can be. The construction industry contributes vastly to the statistics of employee injuries and fatalities and this can be attributed to non-compliance to health and safety legislation, uneducated employers and employees (regarding health and safety), failure to implement any sort of health and safety measures, and so forth, resulting in accidents. Accidents cost money – injuries must be treated, productivity takes a knock when an accident happens, compensation needs to be paid, increasing insurance premiums, etc.
The poor health and safety performance of the South African construction industry and associated accident costs to the industry are major cause for concern (Department of Labour, 2004). According to the Department of Labour (2012) the construction sector paid out more than R287 million (about USD34 million) on claims for injuries and illnesses…

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