http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.54Change: 0.01
R/$ = 12.25Change: -0.10
Au 1168.54 $/ozChange: -5.97
Pt 1082.00 $/ozChange: 2.50
 
 
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  
 
 
May 29, 2007

Gauteng building sector set for 'explosive' growth

Back
Construction|Africa|Building|Mining|Projects|System|Africa|Equipment
Construction|Africa|Building|Mining|Projects|System|Africa|Equipment
construction|africa-company|building|mining|projects|system|africa|equipment
© Reuse this Gauteng’s construction and peripheral industries are positioned to experience an "explosion" that would see some R1,2-trillion flowing through the sectors and their extended supply chains, Standard Bank chief economist Goolam Ballim predicated.

This would be a sharp contrast to the R700-million that was spent during the past three years.

The Gauteng Business Barometer (GBB) for April revealed an especially robust construction industry as activity levels remained nearly 20% higher than in the same month last year, he said.

The GBB measures Gauteng’s economic activity on a monthly basis.

“It also places into perspective the contribution of the 2010 Soccer World Cup of between R50-billion and R60-billion to South Africa’s gross domestic product.”

The R1,2-trillion represents a composite figure which includes activity in the extended supply chain of the construction industry, in the residential and commercial fields.

“It also includes production of machinery and equipment. This development will benefit many smaller players as the established names will not be able to attend to all projects,” said Ballim.

Other sectors, however, did not perform as well as the construction industry.

April was probably one of the worst months for Gauteng businesses, Ballim said, explaining that the
GBB for April had slipped to 146,4 index points from 150,4, in March, indicating a 2,7% drop in business activity levels, and a 5,9% decrease when compared to the same month last year.

“The main reason for this is the negative impact of higher interest rates and inflation. Implementation of the eNaTIS system also has an impact. The effect is more severe than we thought would be the case, four or five months ago,” explained Tsec Economist Mike Schüssler.

The economic sectors that performed worse month on month and year on year were the mining and trade sectors. The trade sector, which includes retailers, wholesalers and tourism operators were hit by the effects of the eNaTIS system, resulting in 6,2% decrease in motor vehicle sales,” he said.


Edited by: Liezel Hill
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Construction News
Updated 6 hours ago The Gibela Rail Transport Consortium (Gibela) reported on Wednesday that it would begin building a
R1-billion factory complex at Dunnottar, in the Gauteng metropolitan area of Ekurhuleni, during the third quarter of 2015. The 85 000m2 factory was being established to...
Dubai said it would construct a small office building using a three-dimensional (3D) printer for the first time, in a drive to develop technology that would cut costs and save time as the city grows. 3D printing, which uses a printer to make three-dimensional objects...
More
 
 
Latest News
Updated 6 hours ago Speciality chemicals group Lanxess on Wednesday appointed its South African CFO Ben Marais as country representative and MD. Marais, a qualified South African chartered accountant, completed his articles with international accounting firm Deloitte. Over the years, he...
Economic Development Minister Ebrahim Patel
Updated 6 hours ago Some four years after the signing of the Local Procurement Accord, which sketches government’s intention to achieve a 75% localisation spend in the procurement of goods and services, Economic Development Minister Ebrahim Patel has described government’s greatest...
Updated 6 hours ago National carrier South African Airways (SAA) and Air Mauritius have concluded an agreement that will see a broadening of their codeshare agreement to enhance greater connectivity between the continent, South Africa, Mauritius and other intercontinental routes. “The...
More
 
 
Recent Research Reports
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Construction 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Electricity 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Road and Rail 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
 
 
 
 
 
This Week's Magazine
JSE-listed Afrimat will make a cash offer to acquire the entire remaining issued share capital of subsidiary Infrasors that it does not already own.
TEAMWORK Aggreko Europe, Middle East & Africa MD David Taylor-Smith; Aggreko Zambia chairperson Dr. Sixtus Mulenga; Aggreko Africa MD James Shepherd
Temporary power generation services provider Aggreko announced earlier this month that it had appointed Dr Sixtus Mulenga as nonexecutive chairperson of Aggreko Zambia, a move it believed was integral to the ongoing expansion of its operations in Zambia and the rest...
Major global aircraft manufacturer Airbus Commercial Aircraft is maintaining a steady course. "I don't have any big news, good or bad," company President and CEO Fabrice Brégier told international aviation journalists in Toulouse, France, at the company’s recent...
MEASURING DEVICES Bosch has released a mobile app that enables the measurements made with measuring devices to be sent and used directly on the app for accuracy and on-site quoting
Industrial tool manufacturer Bosch has increased the compatibility of many batteries in its range of blue industrial power tools and has released mobile-device applications (apps) for users of the tools, says Bosch South Africa training manager Peter du Bruyn. Many...
The new Nissan Navara has been launched onto the global market, but Nissan South Africa (NSA) will only know in August whether the local Rosslyn plant will assemble the one-ton pickup. The NSA plant currently produces the old NP300 Hardbody one-ton bakkie, as well as...
 
 
 
 
 
 
 
 
 
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