The construction output growth forecast for Sub-Saharan Africa (SSA) has been revised to 2.3%, down from the previous projection of 3.3% (as of mid-April) and 6.0% in the pre-COVID-19 case (Q4 2019 update). The revision reflects the impact on the...
The construction industry has welcomed President Cyril Ramaphosa’s announcement of the country moving to Level 3 as from 01 June 2020. The sector has been calling for an immediate re-activation of live construction sites that were at various stages...
The construction sector is expected to play a major role in South Africa’s economic recovery post the Covid-19 pandemic. In addition, South Africa’s hard lockdown measures have compelled the construction industry to think more strategically about...
Group Five, once a giant in the South African construction industry, plans to delist from the JSE after 46 years. The company, which had been struggling over the past years due to South Africa’s weak economy and declining infrastructure...
