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CBE SYMPOSIUM 2008
Roles of Professionals in the Booming Built Environment
Presented
ByMs N Mandindi
Chief Executive Officer
Intersite Property Management Services
Content
The boom: What is spoiling the boom party? Is the boom over?
Roles of professionals: Agents for industry transformation
Exceed sector charter targets Skills development Employment equity
Create employment opportunities Ambassadors for the environment
What is spoiling the party?
Inflation
• CPIX increased by 10.1% (y/y) in March 08• 9.4% February 08 • Exceeded SARB target of 3% and 6% • Impact: Building materials & labor costs
Annual % change in CPI
Source: Statistics SA
Interest rate
• The Repo rate is currently at 11.5% • The prime rate has increased by 15%• Impact: Balance sheet (Debt ratio)
Brent crude oil
• Price of brent crude oil reached all time high, breaking over $126/barrel (as of Friday 09/5/08)• Impact: Inflation trigger
Proposed Eskom Price Hike
• Eskom proposed 60% electricity tariff increase
• Impact: Exacerbate inflation
Load shedding
• Disrupt operations across the board
Is The Boom Over?
• Government infrastructure projects • Flagship projects
• GFIP • Gautrain• FiFA World Cup• Transnet Capital projects
Roles of professionals in the BE
• Agents for industry transformation– To exceed sector charter targets
• Skills development• Employment equity
• Create employment opportunities• Ambassadors for the environment
Skills development
• Embrace JIPSA & exceed sector charter targets
• Commitment• Take responsibilities• Will contribute to the Scorecard
Skills DevelopmentIndustry sector charter targets (5yrs)
Construction sector Property sector •1,6% payroll per annum on skills development
•1,5% of payroll per annum on skills development
•70% total skill development spend on black people
•25% skills dev spend on black women
•25% spend on black management
•20% spend on black women
•2,5% employees on learnerships (rolling 12 months average
•2,5% of staff learnerships for blacks
•70% of total learnerships on black people
•2,5% mentorship for blacks
Skills developmentGovernment progress
Source: AsgiSA annual report 2007
Work done since March 2006
Work done beginning of 2007
Setting up structures & processes
Expanded scope of work
Determining priorities Address challenges of town & regional planning skills
Analyzing critical issues Mathematics
Quantifying the challenges Science & language competence in public schools
Developing proposals Management & planning skills in public sector
Employment equity
• Employment equity is the right thing to do– Transformation of the industry– Contribution to the Scorecard
Employment equity targets
• Source: Government Gazette (DTI)
Construction sector (2010) Property sector (5yrs)
25% senior black management 30% senior black management
10% senior black women management
15% senior black women management
30% black middle management 37,5% black middle management
12% black women middle management
20% black women middle management
40% black junior management
Employment opportunities
• Create job opportunities to South Africans & discourage foreign skills imports
• Unemployment rate dropped by 23% in Sept 2007 compared to 25,5% in same period 2006
• The construction industry contribution to total employment for 2007 was 8% .
• An annual % change of 432,000 in Sept 01 & 07
Employment rate by industry
Source: Statistics SA
Ambassadors for the environment
• Incorporate green principles in designs• S.A is adopting green building principles• Establishment of GBCSA to support the commercial property sector• BE & other property association should support GBCSA initiative. Obtain accreditation
Designing for the future client
• Who is the future client?– Corporate Green– Government Green
• What are the demands?– Green commercial space– Low operational expenses– Space that enhance productivity
Profile: Bahrain world trade centre
• 240m• 50 floors• Offices & shopping mall• Three wind turbines• Wind turbines generate up to 15% total
building energy supply
Bahrain world trade centre
Bahrain tower
Bahrain tower
Bahrain tower
Bahrain tower
Bahrain tower
Guess what?
• The Bahrain world trade centre was designed by a South African Architect (Shaun Killa)
• Constructed by the South African developer (Muray & Roberts)
QUESTIONS?
Maybe we need this one in JHB CBD (Taipei, the tallest in the world, 509m, 101 floors)
THANK YOU