Increased government spending on infrastructure projects will be needed to help the construction sector gain stability and eventually recover from the impact of the Covid-19 pandemic. This is the conclusion reached in a comprehensive survey...
R44 billion has been allocated for infrastructure development over the next three years by the Gauteng provincial government. Another R94 billion has been allocated by provincial municipalities and will be spent over the next five years. The...
South Africa’s infrastructure market value increased by almost R70 billion between 2010 and 2015, and is set to skyrocket by another R113 billion by 2020. This is according to a report titled “Infrastructure Insight: South Africa” by leading market...
South Africa is spending an estimated USD7-billion; Ghana is spending an estimated USD700-million; Kenya is spending an estimated USD12-billion; Angola, spending an estimated USD23-billion all on new infrastructure. The African continent’s projects...
Tenders were taking far too long to come to market and this was making it more difficult for businesses to plan their cash flows, Stefanutti Stocks CEO Willie Meyburgh said on the release of the company’s half-year financial results last Tuesday....
Government will contribute R844 billion of the R1.3 trillion needed for the presidential infrastructure projects over the next three years, it was confirmed on Friday. Several infrastructure projects have been identified by the Presidential...
An estimated R250 billion will be invested on upgrading the Port of Durban, as part of Transnet’s new Market Demand Strategy (MDS). The MDS will see the state-owned company pump R300 billion into infrastructure spend across South Africa in an...
Building confidence among building contractors, manufacturers of building materials and quantity surveyors in South Africa has increased marginally. The immediate outlook, however, is that the local construction industry will continue to face...
