Broad base decline in private sector approvals in May 2026, with a few provincial exceptions
Private sector building approvals weakened during May 2026, with approved floor area declining 13.8% year-on-year, driven largely by significant declines in the Western Cape and Gauteng, South Africa’s two largest building markets. While higher interest rates following the May SARB repo rate increase are likely to have added pressure to development activity, the slowdown was…










