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Construction in South Africa - Key Trends and Opportunities to 2024

Construction in South Africa - Key Trends and Opportunities to 2024

Summary

In line with GlobalData’s expectations of a sharp decline in construction output in South Africa (SA) in Q2 2020 amid the Coronavirus (COVID-19) pandemic and a strict six-week lockdown, SA’s construction industry is forecast to contract by 14.3% in 2020. The industry is expected to continue to be hit hard by the impact of high national debt, labor shortages and low infrastructure spending amid a depressed economy. The impact of the COVID-19 outbreak will weigh on the economy’s resilience.

Construction output is expected to register an average growth of 1% between 2021 and 2024, as fiscal sustainability remains the government’s priority in the short term. Public and private sector investments on transport infrastructure and electricity projects will drive the industry’s growth over the medium to long term. In mid-October 2020, the government rolled out an ambitious US$60 billion Economic Reconstruction and Recovery Plan to reindustrialise the economy by focusing on small businesses and strengthening medium and large ones and accelerate economic reforms to unlock investments. The plan has four priority interventions: infrastructure investments; expansion of the energy generation capacity; job creation to support livelihoods; and industrial growth. The infrastructure build programme will focus on social infrastructure such as schools, water, sanitation, and housing. It will also focus on critical network infrastructure such as ports, roads, and rail, which are key to economic growth.

This report provides detailed market analysis, information, and insights into the South African construction industry, including -
- The South African construction industry's growth prospects by market, project type and construction activity.
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the South African construction industry.
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope

This report provides a comprehensive analysis of the construction industry in South Africa. It provides -
- Historical (2015-2019) and forecast (2020-2024) valuations of the construction industry in South Africa, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy, and utilities, institutional and residential) and by sub-sector.
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants.

Reasons to buy

- Identify and evaluate market opportunities using GlobalData's standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using GlobalData's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.

Table of Contents
1 Executive Summary
2 Construction Industry: At-a-glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 COVID-19 Status
4 Construction Outlook
4.1 All Construction
4.2 Commercial Construction
4.3 Industrial Construction
4.4 Infrastructure Construction
4.5 Energy and Utilities Construction
4.6 Institutional Construction
4.7 Residential Construction
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 GlobalData Construction

List of Tables
Table 1: Construction Industry Key Data
Table 2: South Africa, Key Economic Indicators
Table 3: South Africa, Commercial Construction Output by Project Type (Real % Change), 2015-2024
Table 4: South Africa, Top Commercial Construction Projects by Value
Table 5: South Africa, Industrial Construction Output by Project Type (Real % Change), 2015-2024
Table 6: South Africa, Top Industrial Construction Projects by Value
Table 7: South Africa, Infrastructure Construction Output by Project Type (Real % Change), 2015-2024
Table 8: South Africa, Top Infrastructure Construction Projects by Value
Table 9: South Africa, Energy and Utilities Construction Output by Project Type (Real % Change), 2015-2024
Table 10: South Africa, Top Energy and Utilities Construction Projects by Value
Table 11: South Africa, Institutional Construction Output by Project Type (Real % Change), 2015-2024
Table 12: South Africa, Top Institutional Construction Projects by Value
Table 13: South Africa, Residential Construction Output by Project Type (Real % Change), 2015-2024
Table 14: South Africa, Top Residential Construction Projects by Value
Table 15: South Africa, Key Contractors
Table 16: South Africa, Key Consultants
Table 17: South Africa, Construction Output Value (Real, US$ Million)
Table 18: South Africa, Construction Output Value (Nominal, ZAR Billion)
Table 19: GlobalData Construction Market Definitions

List of Figures
Figure 1: Sub-Saharan Africa, Construction Output (Real % Change), 2020
Figure 2: South Africa, Construction Projects Pipeline by Sector (US$ Billion)
Figure 3: South Africa, COVID-19 Confirmed Cases
Figure 4: South Africa, Construction Output Value (Real, US$ Billion, 2017 Prices and Exchange Rate), 2015-2024
Figure 5: South Africa, Construction Output Value, by Sector (Real, US$ Million), 2015-2024
Figure 6: South Africa, Construction Value-Add (ZAR Billion, Constant 2010 Prices)
Figure 7: South Africa, Gross Fixed Capital Formation, (Constant 2010 Prices, % change YoY)
Figure 8: South Africa, Value of Building Plans Passed, (Constant 2010 Prices, % Change YoY)
Figure 9: South Africa, Construction Projects Momentum Index
Figure 10: South Africa, Commercial Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 11: South Africa, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 12: South Africa, Value-Add of Wholesale and Retail Trade, and Hotels and Restaurants (ZAR Billion, Constant 2010 Prices)
Figure 13: South Africa, Number of Overnight Tourists (in Thousand)
Figure 14: South Africa, Tourist Accommodation Industry Revenue, in ZAR Million (Current Prices)
Figure 15: South Africa, Retail and Wholesale Trade Sales (% Change YoY)
Figure 16: South Africa, Industrial Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 17: South Africa, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 18: South Africa, Manufacturing Value-Add (ZAR Billion, Constant 2010 Prices)
Figure 19: South Africa, Manufacturing Production Index (2015=100)
Figure 20: South Africa, Absa Purchasing Managers’ Index (PMI), Business Activity Index and New Sales Orders Index
Figure 21: South Africa, Volume Index of Mining Production (2015=100) and Mineral Sales, % Change YoY
Figure 22: South Africa, Total Merchandise Exports (in ZAR Billion)
Figure 23: South Africa, Infrastructure Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 24: South Africa, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 25: South Africa, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 26: South Africa, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 27: South Africa, Volume Index of Electricity Produced (2015=100), and Electricity Distributed, % Change YoY
Figure 28: South Africa, Institutional Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 29: South Africa, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 30: South Africa, Residential Construction Output by Project Type (Real, US$ Million), 2015-2024
Figure 31: South Africa, Residential Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 32: South Africa, Value of Residential Buildings Reported as Completed, (Current Prices, % Change YoY)
Figure 33: South Africa, Value of Building Plans Passed, (Constant 2010 Prices, % Change YoY)
Figure 34: South Africa, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 35: South Africa, Headquarters of Key Consultants (% of Total Project Pipeline)

Report Title: Construction in South Africa - Key Trends and Opportunities to 2024


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