HIGHBUDGETGPWCKZNECLPMPNWFSNC CIDB Press Room
Construction sector gets R300m lifeline for emerging contractors from SEDFA and cidb
Source: CIDB Press RoomView Original Source
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Budget AllocPolicy Change
Key Points
- R300 million allocated by SEDFA and CIDB to support emerging construction contractors.
- New financing and capacity‑building programme creates a dedicated pool of funds for small contractors.
- Eligibility requires CIDB registration and compliance with emerging contractor criteria.
- Larger contractors may need to subcontract to qualify for public works tenders under the new policy.
- Program aims to increase participation of SMEs in government construction projects.
Small and emerging contractors in South Africa’s built environment sector have been given a major boost through the launch of a new Construction...
Affected Organizations
Small Enterprise Development Finance Agency (SEDFA)Construction Industry Development Board (CIDB)Department of Public Works and Infrastructure