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South Africa’s multidisciplinary construction industry accounts for a significant proportion of economic growth. This is evident in the country’s GDP as the industry is currently in a challenging cycle following the ongoing pressure on margins, decreased revenues, and struggling order books. However, the upward trend seen in certain segments of the industry experienced in 2017 is attributed to an increase in regional construction projects, recovery of certain commodity prices as well as increasing demand in the commodities market, an improving global construction market, and lastly, favourable exchange rates. The South African construction industry is encouraged to take advantage of new technologies disrupting the market, green construction methods, and PPPs to survive in turbulent times.
This analysis addresses opportunities, challenges, and key drivers and restraints in the market. This study focuses on the following market segments:
The study period is from 2015 to 2022, with a base year of 2017 and a forecast period of 2018 to 2022.
Key Issues Addressed
Lastly, it is predicted that the construction industry will experience the following:
Author: Justin Malherbe
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