http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.01Change: 0.00
R/$ = 10.67Change: -0.04
Au 1288.50 $/ozChange: 1.00
Pt 1424.50 $/ozChange: -1.50
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Oct 16, 2012

Civil construction confidence highest in three years

Back
Construction|Natal|Eskom|First National Bank|PROJECT|Projects|Road|Transnet|Water|Eastern Cape|Cees Bruggemans|Infrastructure|Power|Water|Eastern Cape|Limpopo|North West
Construction||Eskom|PROJECT|Projects|Road|Transnet|Water||Infrastructure|Power|Water|
construction|natal|eskom|first-national-bank|project|projects|road|transnet|water-company|eastern-cape|cees-bruggemans|infrastructure|power|water|eastern-cape-province-or-state|limpopo|north-west
© Reuse this



Confidence in the civil construction industry reached a three-year high during the third quarter of 2012, the latest First National Bank (FNB) and the Bureau of Economic Research (BER) construction confidence index found on Tuesday.

The FNB/BER report said that a gain of 4 index points to 42, was achieved on the back of on-track provincial capital project spending, particularly road and water infrastructure projects.

Construction activities at power utility Eskom’s Medupi, Kusile and Ingula power stations and Transnet-led infrastructure projects also contributed to higher confidence during the quarter.

However, FNB chief economist Cees Bruggemans pointed out the recovery in the construction sector was expected to continue over the next few quarters, but that the pace relied on the public sector’s ability to realise spending on their capital expenditure (capex) budgets.

He pointed to a R12.8-billion underspend by municipalities during the year ended June 2012. Only 72.5% of the total capital budget for the full year was realised.

Provincial capex rose 14.6% during the first quarter of the year, with capex in KwaZulu-Natal, Gauteng and the Free State growing robustly, while projects struggle to get off the ground in the Eastern Cape, Limpopo and North West provinces.

Despite the increased activity levels, profitability came under renewed pressure during the third quarter, as input prices increased faster than tendering prices, said Bruggemans.

The rise in activity has led to some constraints in the construction sector, most notably the shortage of skilled labour.
 

Edited by: Mariaan Webb
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Construction News
Vuli Cuba has resigned as chairperson of JSE-listed construction group Stefanutti Stocks. Cuba took up the position following the resignation as chairperson of Stefanutti founder Gino Stefanutti on July 15.
South Africa’s development is being hampered by a serious shortage of skilled engineers, especially in the public sector, and the situation has been described as one of the worst capacity crises in years, a research report by professional body Royal Institution of...
More
 
 
Latest News
Updated 52 minutes ago The United Arab Emirates (UAE) will provide Egypt with petroleum products worth $8.7-billion over a year starting in September, an Egyptian official told Reuters on Sunday. Egypt has struggled to curb its swelling budget deficit and meet its soaring energy demands,...
Updated 2 hours 36 minutes ago Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move...
More
 
 
Recent Research Reports
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
 
 
 
 
 
This Week's Magazine
South African State-owned defence industrial group Denel has announced its fourth consecutive year of profits. The group's results for the financial year 2013/2014 were recently announced at its head office in Centurion, south of Pretoria. Revenues grew by 17%, net...
There is little opportunity for JSE-listed infrastructure company Group Five to grow shareholder value in the domestic market, says CEO Mike Upton. He says value can still be found in the private sector, in the renewable and industrial power sector, as well as in...
The National Association of Automobile Manufacturers of South Africa (Naamsa) has announced the event dates of the 2015 Johannesburg International Motor Show (JIMS). The event will take place from October 14 to October 25, 2015, at the Johannesburg Expo Centre, Nasrec.
UK engineering support services provider Babcock is set to deliver the largest order of global truck manufacturer DAF’s truck tractors in Southern Africa to bulk carrier road-based logistics company Ngululu Bulk Carriers (NBC), with 133 trucks to be delivered in...
Digital radio communications in the African local government space can open up the world, but have many challenges to overcome, notes integration and migration of legacy radio communications infrastructure with digital mobile radio company Emcom Wireless head of...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks