The upward trajectory in the index continued, as the index increased by 3.3 percent m-m in January 2023. Since June 2022 the index has now increased by 29 percent. At least 9 higher CIDB Grade projects were released on tender during January. The value of projects awarded also surprised on the upside.
Limpopo, Western Cape and Kwazulu Natal took the lead in the estimated value of civil tenders released during the month of October 2022. Tender values showed a notable increase in October, exceeding R13bn, with a 73 percent y-y increase.
The estimated nominal value of civil projects out to tender increased by 37 percent y-y in the 3rd quarter of 2022, following a more negative 20 percent contraction in Q2. Total nominal values increased by 5 percent y-y for the first nine months of 2022, with strong differentiation between provinces.
The Estimated Tender Value index recorded its first positive growth in 6 months, up 2.9 percent m-m in August to 150.5, following an average month on month decline of 3.4 percent between February 2022 and July 2022. In real terms civil tender values are up a modest 1 percent y-y in the first eight months…
The postponement rate in the civil industry accelerated to 31 percent as at June 2022 from 27 percent the previous quarter, measured over a 4 quarter running total.
The Estimated Tender Value index continued to decline and fell for the 5th consecutive month in June 2022, down 1.5 percent m-m to 148.9, following the 3.9 percent and 4.9 percent decline in the previous two months. In real terms civil tender values fell by 30 percent y-y during the first six months of 2022…
The Estimated Tender Value index moderated in February to 153.9, down 7.1 percent m-m, although levels remain well above the same time last year, up by 28 percent. Overall there was no change in the nominal value of civil tenders released during the 1st quarter of 2022 compared to the same period in 2021, but…
Private sector building approvals weakened during May 2026, with…
What is the Provincial Construction Pipeline? The Provincial Construction…
