Signs that price movement, which appear to be driven by underlying demand with little evidence of speculative activity, are instilling confidence in South Africa’s property sector. Despite a sluggish local economy, residential and commercial prices are appreciating at a pace higher than GDP but are comfortably on par with lending rates, while financing for the sector has...
South Africa’s National Infrastructure Plan (NIP), which was launched in 2012 and is expected to run through 2027, is organised into 18 Strategic Integrated Projects (SIPs), including initiatives aimed at catalysing development and growth in the areas of energy supply, social infrastructure, health and education provision, and water and sanitation networks. Under the...
South Africa’s contractors, who comprise one of the continent’s more robust and largest construction sectors, have had to navigate a challenging few years. While significant infrastructure spending has been planned for the medium term, order books, while busy, have yet to provide the dramatic rebound that has been hoped for. “After the 2010 World Cup, the industry has...
The National Development Plan (NDP) provides the underlying blueprint for socio-economic development until 2030. It sets out the aim of achieving an annual growth rate of 5.4%, which the government projects as necessary to eradicate the triple challenges of unemployment, poverty and inequality.
South Africa is home to the farthest-reaching and highest-quality transport network on the African continent. For decades the country’s extensive road, air, rail and sea links have underpinned economic and social development not only in the domestic market, but through the region as a whole. In recent years the government has made a concerted effort to shore up South...
With growing demand from a cost-sensitive population and increased congestion, South Africa’s investment in public transport has skyrocketed in the past decade. In addition to refurbishing existing rapid transit networks – such as the Metrorail, which operates across five separate metro areas – in recent years the government has also launched a handful of high-profile...
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