How dependent are South African construction firms’ local order books on government projects?
How dependent are South African construction firms’ local order books on government projects?
The current global financial woes have hit property around the world as hard as any other sector. Weak export markets, a sluggish local economy, as well as poor business and consumer sentiment have all hindered the performance of local property activity in many markets, including South Africa.
Looking at the skyline of any major South African city, you will see far fewer cranes than during the construction surge that occurred in the past decade, when the prospects of hosting the FIFA World Cup led to a huge building drive incorporating everything from stadia and hotels to large-scale transport infrastructure projects. More so than any...
One of the best performing segments of the real estate sector over the past 12 months has been commercial office property. The office segment achieved an 11.2% overall return (income and capital) in 2012, the best performer outside industrial real estate and well above the sector average of 10.4% (retail had a return of 10.1%). Even so, the...
After a decade-long crisis, donor funds are set to provide the Ivoirian government with enough capital to kickstart a series of public-private partnerships (PPPs) meant to re-launch its weakened economy. The government’s roadmap, including billion-dollar infrastructure projects, and a deficit of about 400,000 homes offer many opportunities in the construction sector.
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