The year 2020 will undoubtedly go down in history as one of unprecedented global lockdowns, followed by a radically transformed business landscape – all brought on by the Covid-19 pandemic. In South Africa, the pandemic exacted a heavy toll on the...
Construction is a key sector to address South Africa’s housing shortage and infrastructure needs, and thus is unlikely to slow down. The sector is also at the forefront of economic recovery plans as it has the double advantage of being...
As the economy slowly starts to recover from the devastating impact of the Covid-19 pandemic, mega city developments might be just the catalyst needed to uplift small to medium-sized construction companies and bring about true transformation in the...
South Africa’s construction industry continues to suffer the effects of the national lockdown. Unexpected delays and disruptions have resulted in increasing construction costs, which have had a knock-on effect for both developers and end-users....
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...
System improvements made on development plan application processes within the City’s Development Planning, Environment and Management Unit have more than halved the expected turnaround times for applications. This was revealed during an EDGE...
The FNB/BER Civil Confidence Index fell to an all-time low of five in the second quarter, as a result of the sharp decline in activity. This is due to many firms having been closed in April and May. After rising from 10 to 24 between the first...
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...
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...
