Market Research Report
Construction in South Africa - Key Trends & Opportunities to 2022
|Published by||Timetric||Product code||247773|
|Published||Content info||44 Pages
|Construction in South Africa - Key Trends & Opportunities to 2022|
|Published: April 16, 2018||Content info: 44 Pages||
In real terms, the South African construction industry registered a growth of 0.3% in 2017. This was preceded by an annual growth of 0.7% in 2016 and 1.7% in 2015. This slow growth can be attributed to low commodity prices, weak government policies and ongoing political uncertainty. Declines in government revenue - due predominantly to low international demand for metal, minerals and other mining products - have also weighed on growth in the construction industry.
The industry is expected to remain weak over the forecast period (2018-2022), albeit with a slight improvement. Constrained government revenue and low private investment are expected to hamper the industry's growth, as will ongoing political uncertainty. Despite the fact that the outlook for the South African construction industry is expected to be weak in real terms, there will be some support from investment in infrastructure and energy projects.
The implementation of flagship government programs - such as the National Transport Master Plan 2050, Integrated Resource Plan (IRP), Water Infrastructure Development program and South Africa Connect program - is expected to support industry growth. Consequently, the industry's output value in real terms is expected to post a compound annual growth rate (CAGR) of 1.48% over the forecast period.
Timetric's Construction in South Africa - Key Trends and Opportunities to 2022 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: