The public sector contributed 21% (R25bn) to the building pipeline in the past 12 months up to July 2024, while the private sector saw an accelerating 16% year-on-year (y-y) decline, contributing R95bn. Public sector project values grew by 33%, slowing from 37% in May 2024. Post-election, public sector tenders dropped sharply, with a 50% monthly decrease y-y from May to July. The overall building pipeline contracted by 9% y-y, driven by the private sector decline. Some provinces like Free State and Limpopo saw moderate gains, while Western Cape’s 19% pipeline drop reflected the private sector slump. Read the report here available to subscribers
