Construction in South Africa - Key Trends and Opportunities to 2024

November 2020 •
53 pages •
Report ID: 5380535 •
Format: PDF

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Construction in South Africa - Key Trends and Opportunities to 2024

Summary
In line with expectations of a sharp decline in construction output in South Africa (SA) in Q2 2020 amid the Coronavirus (COVID-19) pandemic and a strict six-week lockdown, SA’s construction industry is forecast to contract by 14.3% in 2020. The industry is expected to continue to be hit hard by the impact of high national debt, labor shortages and low infrastructure spending amid a depressed economy. The impact of the COVID-19 outbreak will weigh on the economy’s resilience.

Construction output is expected to register an average growth of 1% between 2021 and 2024, as fiscal sustainability remains the government’s priority in the short term.Public and private sector investments on transport infrastructure and electricity projects will drive the industry’s growth over the medium to long term.

In mid-October 2020, the government rolled out an ambitious US$60 billion Economic Reconstruction and Recovery Plan to reindustrialise the economy by focusing on small businesses and strengthening medium and large ones and accelerate economic reforms to unlock investments.The plan has four priority interventions: infrastructure investments; expansion of the energy generation capacity; job creation to support livelihoods; and industrial growth.

The infrastructure build programme will focus on social infrastructure such as schools, water, sanitation, and housing. It will also focus on critical network infrastructure such as ports, roads, and rail, which are key to economic growth.

This report provides detailed market analysis, information, and insights into the South African construction industry, including -
- The South African construction industry’s growth prospects by market, project type and construction activity.
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the South African construction industry.
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope
This report provides a comprehensive analysis of the construction industry in South Africa.

It provides -
- Historical (2015-2019) and forecast (2020-2024) valuations of the construction industry in South Africa, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy, and utilities, institutional and residential) and by sub-sector.
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants.

Reasons to Buy
- Identify and evaluate market opportunities using standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.

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