http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.22Change: -0.02
R/$ = 10.61Change: -0.04
Au 1298.91 $/ozChange: 1.35
Pt 1479.50 $/ozChange: 0.00
 
 
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 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
 
 
 
 
 
 
 
 
 
Latest News
The Medupi power station project
Electricity producer Eskom has, for the first time, offered a detailed timeline for the synchronisation of Medupi Unit 6, which is officially scheduled for December 15, 2014. Addressing a joint meeting of the Portfolio Committees on Public Enterprises and Energy on...
As South Africa had largely exhausted the use of traditional mechanisms to stimulate the fiscus, government now needed to swing its focus to dealing with the internal structural issues that had, thus far, prevented the country from unlocking its true economic value,...
The Western Cape High Court will on Monday hear a Sanral application for information about the proposed N1/N2 Winelands Toll Highway Project to be kept secret, the City of Cape Town said. The application would be heard behind closed doors, mayoral committee member...
More
 
 
Recent Research Reports
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.
Real Economy Insight: Steel 2014 (PDF Report)
This four-page brief covers key developments in the steel industry over the past 12 months. It provides an overview of the global and South African steel and stainless steel markets, South Africa’s major steel producers and events that have shaped these markets.
 
 
 
 
 
This Week's Magazine
Multinational semiconductor chipmaker corporation Intel announced its national campaign to further acquire partners to drive its She Will Connect programme, an initiative that aims to expand digital literacy skills to young women in developing countries, further into...
South Africa's MeerKAT radio telescope array programme should get back on schedule within a few months. This assurance has been given by SKA South Africa (SKA SA) associate director: science and technology Prof Justin Jonas. Early last month, Science and Technology...
The Passenger Rail Agency of South Africa’s (PRASA’s) Metrorail service will remain a subsidised service following its current multibillion-rand rolling stock, station, depot and signalling upgrade programme. PRASA group CEO Lucky Montana has allayed fears that...
GARYN RAPSON Contaminated Land Provisions in the National Environmental Management: Waste Act No 59 of 2008 will open the door for court battles to determine who will be held liable for the remediation
The uncertainties around the remediation of affected areas as addressed in the Contaminated Land Provisions in the National Environmental Management: Waste Act No 59 of 2008 will possibly spark litigation and disputes between landowners and businesses, contractors...
South Africa is currently the largest component of the African Development Bank’s (AfDB’s) active portfolio in Southern Africa, comprising 62.5% of the bank’s $7.9-billion exposure to the 12-country region – the second largest beneficiary is Mauritius, which...
 
 
 
 
 
 
 
 
 
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