The NHBRC has won its appeal in the Supreme Court of Appeal (SCA) against Xantha Properties 18 (Pty) Ltd , whereby the SCA declared that homes that are being built for leasing and rental purposes must be enrolled with the NHBRC in a judgement delivered on the 21st of June 2019.
Mace’s latest Market View for Sub-Saharan Africa (SSA) reports that construction activity is forecast to grow across the region, despite a number of significant risk factors that threaten to limit economic growth in the region.
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.
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.
Labour issues, late payment and slow growth ‘catastrophic’ for the sector, says Master Builders’ Association North.