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Buildings

Construction activity levels remain depressed

Even though lockdown restrictions eased such that construction firms could operate more normally, activity levels remained ultra-depressed with only a marginal improvement from 2Q2020. Sentiment in the civil construction sector, as measured by the...

Building confidence rebounds in Q3

After falling to an all-time low of 4 in 2Q2020, the FNB/BER Building Confidence Index jumped by 20 points to 24 in 3Q2020. Despite the rise in confidence, the current level of the index indicates that more than 75% of respondents are dissatisfied...

New ‘mega city’ to be built in Gauteng

Property developer Balwin announced its new Mooikloof Mega-City development which is set to be built in the east of Pretoria. Balwin said it plans to build an initial 16,000 apartments at a present value of approximately R9.6 billion in phases over...