Gauteng Human Settlements MEC Jacob Mamabolo said since 2009/10 to 2014/15, the delivery of houses has significantly dropped, despite an increase in annual budget allocations..
7.8% year-on-year rise in cement sales volume in the first half of 2015 suggests a booming construction sector.
The six months to 31 August 2015 saw Calgro M3 continue its strong performance as headline earnings per share rose 29.98% to 66.25 cents, profit after tax increased to R84.2 million and earnings per share rose 18.52% to 66.25 cents.
Johannesburg City Mayor Parks Tau has declared the first week of Johannesburg’s EcoMobility World Festival 2015 a success and has thanked residents who are participating and changing the way they move around the Sandton CBD.
South Africa is investing R1.4 trillion into infrastructure projects, says Gauteng MEC for Economic Development, Environment, Agriculture and Rural Development, Lebogang Maile.
Momentum SP Reid Securities recently cites the building materials and associated hardware retail sector that Cashbuild and Italtile operate in as a 'standout industry in a lacklustre economy'.
More job losses in construction are likely, with executives in the sector predicting it will continue to suffer the effects of slow economic growth and falling commodity prices during the next financial year.
Despite the engineering sector being constrained by lacklustre economic growth and delays in government infrastructure roll-out, the industry still has much to celebrate.
Excitement is mounting as construction of more than R1,5 billion in new commercial property developments in an all-green precinct in Century City steams ahead.
Cabinet has approved South Africa’s joining of the Asian Infrastructure Investment Bank, an international financial institution which provides finance for infrastructure projects.