Construction in South Africa – Key Trends and Opportunities to 2018

Date: 2015-09

The South African construction industry registered a compound annual growth rate (CAGR) of 8.65% during the review period (2009–2013). This growth was supported by increased government spending in the country’s residential, infrastructural and commercial construction projects. The residential and infrastructure construction markets drove growth, as the preparation for both the World Cup and 2009 Confederations Cup supported improvements and acceleration in construction activities. Moreover, the government has also adopted the National Infrastructure Plan (NIP) and announced National Budget estimates in order to develop the country’s infrastructure. Therefore, a large number of announced projects will provide hope for the construction industry, as corruption, mismanagement and price fixing within the industry all threaten to undermine the proper implementation of these developments. Timetric expects the South African construction industry to record a CAGR of 8.93% over the forecast period (2014–2018).

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