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Pulse - Public and Private Sector Provincial Building Pipeline Profile as at July 2024

For the purpose to evaluate the potential pipeline in the building industry, it is important to also monitor activity within the public sector. For this purpose,  we include a summary of the private (value of building approvals) and public sector (estimated value of building projects out to tender) with a primary focus on the building pipeline.  The comparative analysis is at provincial level, and monitors the value of the building pipeline over a running twelve month period in current prices. There is also strong provincial differentation in the weight of the public sector in the overall value of the pipeline, where in some provinces, the public sector may play an even larger role than the private sector for example Limpopo. The Eastern Cape, Free State and Kwazulu Natal also has a higher than average public sector also contribution.

The public sector's contribution to the overall value of the building pipeline over the last 12 months (up to July 2024) stabilised at 21 percent, or R25bn, compared to the value of private sector building approvals where the rate of decline accelerated by 16 percent y-y to R95bn or 79 percent of the total pipeline value. The rate of increase recorded in the estimated value of public sector building projects..... read the full report here available to subscribers.

 

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