Consumer inflation accelerated marginally to 7.6 percent in October (7.5 percent September). Main contributors were food, non-alcoholic beverages, housing and utilities and transport. Regulated administered prices eased to an annual increase of 15.2 percent (16.8 percent September). CPI (excluding regulated administered prices) increased by 6.6 percent. Inflation in provinces such as Eastern Cape, Northern Cape,…
A recent report by Corruption Watch 2022, shows that construction accounted for 5 percent of total complaints received in the first six months of 2022, and within that, 48 percent related to procurement irregularities. The full report can be viewed at www.corruptionwatch.org.za or click here for our construction specific views and interpretation.
Mining production of building materials edged higher by 0.9 percent m-m in September (seasonally adjusted index), representing a 2.5 percent decline year-on-year. On average mining production of building materials are weaker in 2022, down 7 percent compared to 2021. Total mining production (including Gold, seasonally adjusted) increased 0.1 percent m-m and was 4.9 percent lower…
Cement import volumes fell 51 percent to 55 803 tons in September 2022 compared to August and this was also 63 percent lower compared to the same month in 2021. The bulk of imports continue to come from Vietnam.
Limpopo, Western Cape and Kwazulu Natal took the lead in the estimated value of civil tenders released during the month of October 2022. Tender values showed a notable increase in October, exceeding R13bn, with a 73 percent y-y increase.
Retail trade sales in hardware, paint and glass fell for the 14th consecutive month in August 2022, down 9.4 percent y-y in real terms, against an overall increase of 2 percent in total retail trade sales.
Our monthly review on current trends in the construction industry is now available, including our three year macro economic and construction forecast. The review includes an update of the construction pipeline at a provincial level, a look at public sector capital expenditure on construction works, local government expenditure on infrastructure and other key indicators. Please…
The CRMS index increased by 5.7 percent m-m in October 2022, supported largely by an increase in the overall market cap values of property funds. The contractors, retailers and suppliers indices reported overall losses for the month. However October was a little better than September, as a lower 55 percent of the companies included in…
The annual rate of increase slowed to 11.2 percent in September 2022, from an average of 13.4 percent in 2021. However, the price trends are highly diverse between the different materials, as bricks increased by 1.8 percent, cement by 9.3 percent and steel slowed to an increase of 11.5 percent. The anticipated slowdown in building…
Despite being vague, the Minister of Finance confirmed the need for higher infrastructure expenditure. In a bold move, government agrees to take over (or part thereof) debt obligations of Eskom and Sanral, but there will be a cost. Please login and download our review on the impact of the MTBS on the local construction sector.
The total number square metres approved by local government…
R35bn Transnet Push and R8.1bn Metro Funding Put Infrastructure…
