https://www.engineeringnews.co.za
Business|Construction|Projects|Infrastructure
Business|Construction|Projects|Infrastructure
business|construction|projects|infrastructure

FNB/BER Civil Confidence Index falls to 15

6th December 2021

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

The majority of respondents in the FNB/Bureau for Economic Research (BER) Civil Confidence Index are dissatisfied with prevailing business conditions, as evidenced by the index slipping to 15 in the fourth quarter.

This followed a rise to 17 points during the third quarter of the year.

FNB economist Siphamandla Mkhwanazi explains that the sentiment among respondents to the index remains low despite some improvements in underlying indicators such as activity and profitability.   

He attributes a possible reason behind the persistently weak level of confidence to the total value of construction activity being much lower than in prior years, although the growth in activity is better this quarter.

The survey finds improved sentiment in tender activity, but it remains to be seen whether all projects realise or are commissioned in good time, since tender awards are lagging.

The rating of insufficient new demand as a business constraint declined to 83% in the fourth quarter, from 89% in the third quarter. This is the lowest level of the index since the fourth quarter of last year.

Mkhwanazi says an acceleration in the rollout of infrastructure projects by the State can go a long way to alleviate woes in the sector.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 
Rio-Carb
Rio-Carb

Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (12/04/2024)
12th April 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.057 0.1s - 139pq - 2rq
Subscribe Now