Billions of rand have been allocated to infrastructure across South Africa’s metropolitan municipalities—but where is the money actually being spent?
Our latest Metro Capital Expenditure Review analyses the March 2026 Section 71 financial results for all eight metros in South Africa, revealing which cities are delivering infrastructure, which sectors are attracting the most investment, and where project implementation is falling behind.
The report goes beyond headline budget announcements to examine actual capital expenditure, housing, roads, energy and water infrastructure investment, municipal funding models, financial health, and the winners and losers after the first three quarters of the 2025/26 financial year.
Whether you’re a contractor, supplier, consultant or investor, this report provides valuable insight into where construction opportunities are most likely to emerge—and where execution risks are increasing.
Download the latest review and quarterly data updates to discover which metros are leading infrastructure delivery, which are falling behind, and what it means for the South African construction industry.
Metro’s Actual Capital Expenditure vs Budgets 3rd Quarter 2025/26 (March 2026)
