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…
Cement imports more than doubled in April compared to March, to 113 448 tons, largely from Vietnam. Overall imports fell by 26.4 percent y-y in the first four months of 2022.
Total capital expenditure by metropolitan areas, related to selected infrastructure departments, increased by 1 percent y-y (nominal not adjusted for inflation) in the 3rd quarter of the 2021/22 financial year (as of March 2022) to R3.9bn. For more details please refer to our monthly Construction Monitor Review due for release in the 1st week of…
The Business Confidence Index slipped to 42 in the 2nd quarter of 2022 from 46 the previous quarter, as close to 60 percent of respondents to the survey showed levels of pessimism regarding current business conditions. Higher levels of load shedding in April certainly played a key role (as this survey is conducted in mid-quarter,…
Investment in construction fell by 0.8 percent q-q (constant, annualised rates) in the 1st quarter of 2022 to R230.4bn (2015 prices). Residential investment fell by 1.9 percent while non-residential investment turned the tide an increased by 2.0 percent, representing 14 percent of total investment in construction. Construction works contributed 49 percent to total construction investment…
Gross Fixed Capital Formation as a percentage of GDP edged marginally higher to 14.3 percent in 2022Q1 from 14.0 percent the previous quarter (2021Q4). Total investment increased by 3.6 percent q-q (Constant prices, seasonally adjusted) against overall GDP growth of 1.9 percent.
