State-owned companies continue to roll out infrastructure, National Treasury’s 2015 Medium Term Budget Policy Statement (MTBPS) has shown.
Joburg's inner city regeneration drive will receive a massive boost over the next three to five years, following the launch of a R5-billion project to build a new precinct in the CBD to house the offices of the Gauteng Provincial Government.
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.