Gavin Maile, KPMG Africa Construction Partner, indicates that ``in South Africa profit rates for new contracts are coming under pressure, especially in the housing sector, with numerous contractors bidding on each contract.
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Profits coming under pressure
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Housing authority struggling to keep up with demand
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New home sales fall in SA.
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M'sia pushing for reliance on services construction
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Industrialists warn of slowdown
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South Africa to establish Special Economic Zones
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S. Africa might slide into recession
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Lenders need capital as losses mount:
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BOV faced with fresh claims by 40 investors
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'Minister putting pressure'
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Stock markets face pressure
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Oil & gas firms advised to be cautious when signing contracts
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Cyprotex warns on profits
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Cement sector facing stern challenges:
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Profit booking takes toll
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Labor has a challenge on its hands:
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Business conditions worsen in April