• Version
• Download 1
• File Size 849.11 KB
• File Count 1
• Create Date December 3, 2025
• Last Updated December 3, 2025

Pulse - Gross Fixed Capital Formation 2025Q3

Investment Collapse Deepens as Construction Sector Contracts Across All Segments in Q3 2025

South Africa’s construction sector continued to weaken in the third quarter of 2025, reflecting the broader slowdown in economic activity and a deepening collapse in fixed investment. GDP growth moderated to 0.5 percent quarter-on-quarter, while Gross Fixed Capital Formation contracted for an eighth consecutive quarter, declining by 1.9 percent y-on-y. Construction-related investment fell sharply across all major segments, with residential investment down 13 percent, non-residential down 2.4 percent, and construction works declining by 3 percent. Business confidence among building and civil contractors remained depressed, private sector approvals continued to fall, and public-sector infrastructure delivery showed no meaningful improvement. Although isolated large project awards offered temporary support, the overall volume of work remains insufficient to stabilise the sector. The data clearly signals that both private and public investment remain too weak to reverse the downturn, and that more decisive action is required to address procurement delays, policy uncertainty and structural obstacles inhibiting infrastructure delivery.

Download the full review here (available to Subscribers)

GFCF Dataset 2025Q3

 

Attached Files