SA construction industry remains under pressure

07 March 2014

South Africa’s construction industry is not out of the woods yet, despite data pointing to an upward trend.

Construction confidence rose to a new five-year high late in 2013, with construction activity recovering and moderation in tendering competition.
However, the balance sheets of major JSE-listed construction and engineering groups are still showing strain.

The Asia-Pacific region has been a lifesaver for big South African construction firms, including Aveng and Murray & Roberts. Chinese demand for Australian minerals has complemented a boom in oil and gas projects in the region, despite the global recession.

By Mark Allix
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