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• Create Date May 21, 2024
• Last Updated May 21, 2024

Estimated Civil Tender Values: April 2024

Civil Tender values rise 21 percent y-y in first four months of 2024

Tender values experienced a moderate decline in April, decreasing from R11.6 billion in March to R9.5 billion. However, when compared to the same period in 2023, where the base was below R4.7 billion, tender values have more than doubled. Most provinces saw an increase in tender values, with the exceptions of North West Province and Gauteng. KwaZulu-Natal showed the most significant increase, with tender values rising by an estimated R1.5 billion (a threefold increase) to R2 billion. Mpumalanga followed, with a R1 billion increase (or 235 percent) to R1.6 billion.

Overall, tender values have increased by over R6.5 billion, or 21 percent year-on-year, in the first four months of 2024, reaching an estimated R37.6 billion. During this period, Gauteng experienced the steepest decline, with values decreasing by an estimated R4 billion. North West Province also saw a decline, along with a slight contraction in the Eastern Cape. Conversely, KwaZulu-Natal was the top performer, recording an 83 percent year-on-year increase to R10.3 billion. Limpopo also saw a substantial rise, with tender values increasing by R2.5 billion (or 84 percent year-on-year).

The value of road tenders increased by 50 percent, while there was only a modest 3 percent increase in the estimated value of water projects out to tender.

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