Industry adviser and University of Cape Town lecturer Dr Johan Snyman has described the current construction industry cycle as “atypical”, with research suggesting that the sector remains in a post-recessionary recovery phase.
“Studies have found that the recovery phase [of the construction sector] occurring after a financial crisis is more modest and protracted than that following a ‘normal’ cyclical downswing, and we are currently in this [slow recovery phase].
“However, business confidence appears to be rising, so it’s a good news/bad news story,” he told delegates at a Building Research Strategy Consulting Unit forum on Friday.
