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• Create Date January 14, 2025
• Last Updated January 14, 2025

Public Sector Building Tender Values December 2024

South Africa’s public sector tender values continued to plummet and fell by 66 percent y-y in the 4th quarter of 2024 to less than R2.5bn, reflecting persistent declines since the May 2024 elections. Tender values concerningly fell by 35 percent y-y in 2024, with only a few regional exceptions including Gauteng, Kwazulu Natal, North West and Western Cape.  Economic fundamentals such as lower interest rates, easing inflation, and improved credit ratings signal potential recovery, but inefficiencies in budget utilization and systemic challenges hinder progress. The government’s ability to manage fiscal constraints and unlock infrastructure investments will determine the outlook for the construction sector.

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