CPI February 2022
CPI was unchanged at 5.7 percent in February 2022, as regulated administered prices slowed to 16.7 percent
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CPI was unchanged at 5.7 percent in February 2022, as regulated administered prices slowed to 16.7 percent
Cement import volumes into South Africa fell 37 percent y-y in January 2022, with a 25 percent decrease reported in export volumes during the same period.
According to the FNB/BER, the building confidence index increased to a level of 40 in the 1st quarter of 2022, from an average of 33.7 in 2022, and 34 in the 4th quarter of 2021. While this may be the highest level since 2017, majority of contractors remain pessimistic.
Retail sales of hardware, paint and glass fell by 6 percent y-y in January 2022 to R7.4bn (current prices), compared to a 12 percent increase in overall retail trade sales (Source Statistics South Africa)
Actual capital expenditure by metropolitan areas on infrastructure related items, such as housing, roads, water and energy fell by 5 percent y-y in September 2021, despite an 11 percent increase in budgetary allocations for the 2021/22 period to R24.8bn. Metro’s managed to spend only 75 percent of their “construction related capital expenditure budgets” in the…
Performance in 2021 Today, Stats SA released the private sector building statistics for December, which now gives us a full view of activity levels and approvals in 2021, and it isn’t pretty. The data shows that the private building market was still operating at an extremely low level in 2021, compared to pre-pandemic ‘normal’ levels…
President Cyril Ramaphosa delivered his state of the nation address on Thursday 10 February. With a focus on infrastructure development, we are looking for guidance as to where the country is heading in terms of infrastructure rollout programmes promised over the years. As expected Ramaphosa again reiterated the importance of infrastructure being central to the…
According to Stats SA, the annual increase in the price index for construction materials slowed to 14.5 percent in December 2021, from 15.5 percent the previous month. This brings the average increase in construction materials for 2021 to 13.4 percent, compared to -0.7 percent in 2020 and 5.1 percent in 2019. This is the strongest…
There remains a significant divergence between the housing and commercial private building industries, according to Stats SA who released the building statistics today. The commercial building industry remains in dire straits, largely due to a huge slump in demand for office space, as well as very weak demand for retail buildings. While the residential building…
The total number square metres approved by local government…
R35bn Transnet Push and R8.1bn Metro Funding Put Infrastructure…