Tag: construction sector
The Afrimat Construction Index showed depressed levels of construction activity in the first half of this year, but is there a construction sector recovery due in the months to come as the economy begins to gradually reopen. Joining CNBC Africa for this discussion is Geoff Nolting, Economist at FNB and John Matthews, President of Master Builders South Africa.
The Afrimat Construction Index for the first quarter of 2020 has shown significantly depressed figures with the index itself falling by more than 27 per cent. Roelof Botha, Economist and Head of the Afrimat Construction Index, urges that these figures prove how important the recovery plan is for the construction sector.
Rwanda’s economy grew by 9.5 per cent in 2019 and construction was one of the main contributors. In a conversation with Christian Benimana, Senior Principal and Managing Director, MASS, the sector will need collective efforts to be able to bounce back post COVID-19.
The COVID-19 pandemic, coupled with South Africa’s slowing economy has created a double setback for the construction industry. That’s according to financial services group Old Mutual. Last month construction firms, Group Five and Esor, both in business rescue announced that they would be delisting from the JSE. Today, WBHO warned annual profits would plunge 150 per cent, reflecting the impact of the Covid-19 lock-downs. Ian Woodley, Analyst: Old Mutual Equities and Arthur Karas, Portfolio Manager: Old Mutual Investment Group Macro Solutions join CNBC Africa for more.
South Africa has moved to further re-open its economy under Level 3 of its Covid-19 lock-downs. But the industry is calling for the fast tracking of infrastructure projects in the pipeline to save more than 100 000 local jobs that depend on a healthy construction sector for survival. John Matthews, President of Master Builders South Africa & Chair of the National COVID-19 Rapid Response Task Team joins CNBC Africa for more.
South Africa’s construction sector is under pressure after declining by 2.9 per cent in the fourth quarter of 2019, this is according to the Afrimat Construction Index. However economist Dr Roelof Botha remains optimistic about an increase in construction activity in 2020 due to the commitments that have been set out in the State of the Nation address and budget commitments for infrastructure development. Joining CNBC Africa for more is Roelof Botha, Economist & Head of the Afrimat Construction Index.
The Afrimat Construction Index for the third quarter of 2019 showed an increase of 5.1 per cent quarter on quarter, with the belief that there is still some life in the construction sector due to improved levels of activity since the first quarter. Joining CNBC Africa to unpack more is Dr Roelof Botha, Economist & Head of ACI.
eThekwini Municipality has catalytic projects most of which are infrastructure projects seeking to stimulate economic growth and create employment. The city has partnered with the private sector to turn the whole of Durban into a construction site. Joining CNBC Africa is Carlos Correia, CEO of Fundamentum Property Group.
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