Dec 14 2010
Research and Markets has announced the addition of the "Construction in South Africa 2009" report to their offering.
According to the World Bank, construction is a $1,7-trillion industry worldwide, amounting to between 5% and 7% of gross domestic product (GDP) in most countries. Further, the sector accounts for almost one-third of global gross fixed capital formation (GFCF). In addition, the construction industry is a driver of economic development, providing the private and public infrastructure necessary for economic growth.
The large number of tower cranes piercing South Africas urban landscape is seemingly evidence of a boom in the country's construction sector. Certainly, the sector has reported strong growth for a number of years, with a compound growth rate of 10% since 2000, compared with a gross domestic product (GDP) growth rate of 4% over the same period.
However, in recent months, construction activity has started to moderate, reflecting the global economic slowdown and consequent changes in the local economy, as well as the cumulative effect of a series of local interest rate hikes between June 2006 and June 2008.
Nevertheless, prospects in the sector remain positive, with the South African governments massive investment programme set to support ongoing construction activity.
Key Topics Covered:
- Global market
- South African market
- Main participants
- Basil Read
- Grinaker-LTA
- Group Five
- Murray & Roberts
- Raubex
- Sanyati Holdings
- Sea Kay
- Stefanutti Stocks
- Wilson Bayly Holmes-Ovcon
- Main sources
- Main sources
Companies Mentioned:
- Basil Read
- Grinaker-LTA
- Group Five
- Murray & Roberts
- Raubex
- Sanyati Holdings
- Sea Kay
- Stefanutti Stock
- Wilson Bayly Holmes-Ovcon
Source: http://www.researchandmarkets.com