http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.16Change: -0.05
R/$ = 12.08Change: -0.14
Au 1187.35 $/ozChange: -19.90
Pt 1124.50 $/ozChange: -24.50
 
 
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 Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jul 09, 2013

Civil engineering sector challenged but recovering – Safcec

Back
 
 
 
Engineering|Africa|Flow|Renewable Energy|Renewable-Energy|Africa|South Africa|Energy|Flow|Renewable-energy Sector|Infrastructure
Engineering|Africa|Flow|Renewable Energy|Renewable-Energy|Africa||Energy|Flow||Infrastructure
engineering|africa-company|flow-company|renewable-energy|renewable-energy-company|africa|south-africa|energy|flow-industry-term|renewableenergy-sector|infrastructure
© Reuse this



Despite the challenges weighing on South Africa’s civil engineering sector, there were indications of growth, the South African Federation of Civil Engineering Contractors (Safcec) said on Tuesday.

Safcec’s State of Industry report revealed that, while prospects for the next two years seemed uncertain, order books have shown stronger-than-expected improvements.

Government spending on infrastructure was expected to remain a priority and would not be affected by cuts in spending that are necessary to align budgets with lower levels of revenue, Safcec said in a statement on Tuesday.

However, to accelerate growth, government would either have to increase the revenue available for infrastructure spending or improve expenditure.

The group cited government’s commitment to ten potential special economic zones (SEZs) countrywide that could deliver socioeconomic benefits and create jobs. The SEZ’s were expected to undergo feasibility studies to determine their viability.

Further, the renewable-energy sector, with the private sector showing increased commitment, offered potential growth opportunities.

However, a number of firms reported low turnover in the first quarter of 2013 on the back of stable, low growth in government’s budget allocations and the possible negative impact of slower domestic and global growth on infrastructure spending in the medium term.

Further, Safcec pointed out that corruption during tender processes, delays and postponements in the awarding of tenders and a shortage of qualified and skilled engineers continued to impede the industry’s growth potential.

The report also warned of capital flow volatility and that emerging economies would need to manage these amid greater exchange-rate pressures.

Edited by: Chanel de Bruyn
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
 
Latest News
Economic bilateral relations between South Africa and Peru will receive a shot on the arm when businesspeople from the two countries gather in Lima, Peru, to launch the South Africa–Peru Chamber of Commerce (Sapcham) on Wednesday. The chamber aimed to increase trade...
Tongaat Hulett CEO Peter Staude
JSE-listed Tongaat Hulett CEO Peter Staude told shareholders and analysts on Tuesday that of the company’s land assets, 39% was either in the process of undergoing an environmental-impact assessment, being released from agriculture, had formally submitted a planning...
Trade union Solidarity on Tuesday lambasted government for importing foreign skills in the form of 48 Cuban engineers, instead of appointing South African engineers, calling it a “disgrace”. The first of 48 Cuban engineers, appointed to improve service delivery in...
More
 
 
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
 
 
 
 
 
This Week's Magazine
While economic forecasts for the African continent are most favourable, African airlines may not be able to benefit from the expected growth in the region’s gross domestic product (GDP), International Air Transport Association VP: Africa Raphael Kuuchi has warned....
The Automotive Production and Development Programme (APDP) will need to change substantially post 2020, says Metair Investments South African operations COO Ken Lello. “We must not make tweaks. We have to change. What we are doing is not sustainable.”
Banking group Absa’s forecast is for the rand to end the year at around R13 against the dollar, weakening further to R13.50 by 2016, says Absa sectoral analyst Jacques du Toit. He warns that possible interest rate hikes in the US may see capital being pulled from...
The Dispute Resolution Centre at the Bargaining Council for the Civil Engineering Industry (BCCEI) is now open to handle party-to-party disputes. The BCCEI represents the interests of all level four to nine Construction Industry Development Board companies.
FREDRIK JEJDLING Sustainability becomes an important part of a business’ decision-making process
Communications technology firm Ericsson sub-Saharan Africa head Fredrik Jejdling says the company’s commitment to sustainability and corporate responsibility has been integrated into all facets of its operations, which has provided it with sustainable revenue...
 
 
 
 
 
 
 
 
 
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
Subscribe Now for $96 Close
Subscribe Now for $96