Estimated Civil Tender Values: May 2024

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  • Create Date June 18, 2024
  • Last Updated June 18, 2024

Estimated Civil Tender Values: May 2024

Slower month in May, but civil tender values still up 15 percent y-y in first five months of 2024

Tender values were marginally weaker in May 2024 on a year on year basis, with a 2.2 percent (or R180m to an estimated R7.9bn), decline following the 109 percent y-y increase in April.  Mpumalanga recorded the strongest year on year increase, with tender values up an estimated R1bn to R1.7bn, supported by the road sector. By comparison Western Cape's tenders were down close to R1bn to R679m, with tenders worth an estimated R264m in the water sector.  Kwazulu Natal continued to record the highest values, with tenders worht an estimated R2bn released during May, with over R1bn in the road sector.

Overall, tender values have increased by over R5.8 billion, or 15 percent year-on-year, in the first five months of 2024, reaching an estimated R44.9 billion. During this period, Gauteng experienced the steepest decline, with values decreasing by an estimated R4.5 billion (or 45 percent). North West Province and Eastern Cape also saw a decline.  Conversely, KwaZulu-Natal was the top performer, recording a 67 percent year-on-year increase to R12.2 billion. Limpopo also saw a substantial rise, with tender values increasing by R2.1 billion (or 57 percent year-on-year).

The value of road tenders increased by 54 percent (or R7.6bn to R21.8bn), while the value of water related construction tenders fell 7 percent y-y in the first five months of 2024 to R12.7bn.  The value of bridge construction projects rose three-fold or R966m to R1.3bn.

 

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ESTIMATED CIVIL TENDER VALUES MONTHLY.xlsx