May StatsSA Building Statistics – Very strong Residential Completions growth still, while on the Non-Residential side Industrial and Warehouse building activity appears to be the provider of “relative stability”
Based on data released by Statistics South Africa, private sector-financed building activity in the South African market for new housing continued to show divergent trends in the first four months of 2019, which might be related to lags in reporting.
Much in line with developments in 2018, private sector-financed building activity (see explanatory note) in the South African market for new housing showed divergent trends in early 2019, based on data released by Statistics South Africa.
A lack of progress on National Development Plan implementation is killing off SA’s construction sector and hampering economic growth, says Master Builders’ Association North.
Neresh Pather, President of Consulting Engineers South Africa and Keynote Speaker at the 8th Annual CESA Infrastructure Indaba, taking place at the Durban International Convention Centre, told the conference that during the course of 2019.
Levels of building activity in the South African market for new housing remained subdued in 2018, which were much in line with trends since 2010 after the economy emerged from recession in 2008/09.
Consulting Engineers South Africa (CESA) is in full support of President of the Republic, Cyril Ramaphosa’s 2019 State of the Nation Address focusing on ‘Following up on our commitments: Making Your Future Work Better’.