BUILDING: Cape Builders More Compliant
Recent Western Cape Business News
Whilst it is common knowledge that the building industry as a whole is experiencing a general slowdown, compounded by the completion of many of the 2010 projects, it is interesting to note that industry compliancy figures are on the increase. The Bargaining Council of Cape of Good Hope for the Building Industry (BIBC) has announced an increase of 5.9% in the number of employers that are complying, having made the necessary contributions to the various funds. These funds include pension and provident funds, annual leave and bonus funds, medical aid and sick pay funds as well as council levies.
Conversely, whilst the number of contributors to the funds is up, the total number of contributions has reduced. “The skew is due to a larger number of smaller employers choosing to become compliant, which indicates a significant shift in attitude toward the industry regulations amongst this sector,” explained Henry Strydom, Secretary for Building Industry Bargaining Council (Cape of Good Hope).
In addition to this, the Council announced that the financial income, derived from the contributions and levies, is down by 6% for the period up to 28 February 2010.
The shift in attitude amongst smaller traders to become regulated has been noted over the last 12 to 18 months, which the BIBC believes is a direct response to their call to register and to become compliant. “It is essential that smaller traders join the ranks if we are to regulate this sector,” said Strydom. Strydom added that, “The Council will continue to increase its presence within the industry and the designated agents are visiting as many building sites as is possible. Armed with statutory powers granted in terms of the Labour Relations Act, employers are once again urged not to refuse inspectors entry into any building site at any time.”
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