This report is the result of WMI’s extensive market, company and deals research covering the South African construction market. It provides detailed segmentation of historic and forecast construction sales, segmented down to market and category level; analysis of the leading companies in the South African construction market; and analysis of the key financial deals involving construction players in South Africa.
Construction Market Trends
- Construction growth slowed down: The global economic and financial crisis has not affected the South African construction sector much; however, it has slowed down the substantial strong expansion of the construction industry in South Africa.
- FIFA World Cup 2010: FIFA World Cup 2010 hosting has proved to be a catalyst for the infrastructure development in the country. World Cup hosting has boomed the infrastructure sector in the South Africa. The new sports stadium, modernization of existing sports facilities and many large infrastructure projects are in process. The new hotel properties opening and existing hotels are expanding through wide-scale refurbishing. The private sector development, such as hotels, and the government?s infrastructure upgrade program are expected to extend well beyond 2010.
- Commercial and Industrial to prosper: Commercial and Industrial construction are expected to perform well compared to the other markets over the period 2009-2014. The commercial market is expected to witness compounded annual growth rate (CAGR) of 24.65% over the period 2009-2014.
