Market Research Report
Construction in South Africa - Key Trends and Opportunities to 2020
|Published by||Timetric||Product code||247773|
|Published||Content info||79 Pages
|Construction in South Africa - Key Trends and Opportunities to 2020|
|Published: February 29, 2016||Content info: 79 Pages||
South Africa's construction industry will continue to expand over the forecast period (2016-2020), with investments in infrastructure, residential and energy projects continuing to drive growth.
The industry's growth over the forecast period will be driven by investment in infrastructure construction projects under the National Transport Master Plan, through which the government aims to develop the country's rail network and ports infrastructure by 2050.
Investment in social housing projects will also support the industry's growth. The government aims to construct 1.5 million houses by 2019 to address the country's housing deficit.
The industry's output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 2.62% over the forecast period, up from 2.33% during the review period (2011-2015).
There are certain risks associated with South Africa's construction industry outlook, most notably, labor union strikes, a power crisis, high youth unemployment and a weak currency.
Timetric's Construction in South Africa - Key Trends and Opportunities to 2020 report provides detailed market analysis, information and insights into the South African construction industry including:
This report provides a comprehensive analysis of the construction industry in South Africa. It provides: