Wholesale trade sales of construction and building materials increased by 21 percent m-m (current prices) in May to R14.1bn although sales were just marginally higher compared to the same month in 2021, up 0.5 percent y-y. In real terms, adjusted for inflation, sales increased by 2 percent y-y for the first five months of 2022….
The Estimated Tender Value index continued to decline and fell for the 5th consecutive month in June 2022, down 1.5 percent m-m to 148.9, following the 3.9 percent and 4.9 percent decline in the previous two months. In real terms civil tender values fell by 30 percent y-y during the first six months of 2022…
Annual producer inflation accelerated to 14.7 percent in May 2022, from 13.1 percent in April 2022.
Turnover in the local construction sector contracted by 9.8 percent y-y (nominal terms) in the 1st quarter of 2022 to R72.4bn. Smaller enterprises bucked the trend as their combined turnover nearly doubled compared to the same period last year. Profit margins were weaker, with larger enterprises reporting the largest overall loss for the first time…
The increase in the composite Construction Material Price Index accelerated to an annual increase of 14.7 percent y-y in May 2022 from 12.9 percent in April. Various materials have shown robust double digit increases over the past year, supporting the overall acceleration in the index.
Approvals for new housing developments by the private sector has slowed to the lowest level, dating as far back as 1996, while its population has more than doubled from 7.6 million (1996) to 15.8 million (2021). At the current growth rate the population in Gauteng is estimated to reach 20.2 million by 2030 and 26.5…
The number of people employed in site preparations in the construction industry fell by 2 percent y-y in the 3rd quarter of 2022 and 6 percent compared to the previous quarter, to 5 943. Employment contracted across all sub-segments including building construction, civil engineering, building installation, completion and renting of construction equipment with operators.
Total liquidations in South Africa fell by 5 percent y-y in the first five months of 2022. By comparison liquidations in the local construction sector increased by 76 percent to a total of 51.
CPI breached the Reserve Bank’s upper target and increased by 6.5 percent y-y in May 2022 from 5.9 percent in April.
The March 2022 aggregated municipal creditors age analysis showed that 70.5 percent of total payments to creditors were still outstanding after 90 days, an increase from 68.1 percent in the previous quarter, and a significant deterioration from an average of 23 percent in 2013. In rand terms, municipalities still owe creditors R57.2bn after a period…
The total number square metres approved by local government…
R35bn Transnet Push and R8.1bn Metro Funding Put Infrastructure…
