South Africa’s construction outlook for 2026 is improving at the margins, but the gap between plans and execution remains wide. While inflation and interest rates are easing and investor sentiment has stabilised, fixed investment and construction activity are still near multi-decade lows. With public budgets under pressure and private sector confidence fragile, the real test for 2026 is whether announced infrastructure pipelines finally convert into shovels in the ground…download the full presentation here (available to subscribers)
