Dublin, September 4, 2020 (GLOBE NEWSWIRE) – The report “Construction in South Africa – Key Trends and Opportunities for 2024” has been added to the ResearchAndMarkets.com offering. South Africa’s structural industry has been in decline since 2017, and the industry’s output price in real terms contracted by 3.3% in 2019. This decline is attributed to an economic slowdown, coupled with low confidence from clients and investors, affecting the public and personal sectors. investment in structural projects. The negative effect will persist as the industry continues to be hit hard by the effect of higher national debt, a shortage of hard work, and low spending on infrastructure in a depressed economy. The structures industry will contract further in 2020, due to the COVID-19 outbreak and the strict national lockdown imposed on March 26, along with a bleak economic outlook. According to Statistics South Africa (Stats SA), the industry price added to 2010 consistent costs fell 5.3% year-on-year in the first quarter of 2020. The industry will contract further in the year. next quarter, as peak activity from the structure was temporarily halted in April and May, before the industry was allowed to resume operations in June. The decline in structure lets in both residential and non-residential structures will affect the industry’s output in the short and medium term. The industry production price in genuine terms is expected to contract 14.3% in 2020. During the remainder of the forecast period, production in the structures sector is expected to sign an average expansion of 1% between 2021 and 2024, sustainability remains the government’s priority in the short term. Investments by the public sector and personnel in maritime transport infrastructure and force projects will stimulate the expansion of the industry in the medium and long term. The June 2020 supplemental budget shows a sharp deterioration in the budget outlook for fiscal year 20/21 and beyond. Compared to the February budget projections, the Treasury now expects the consolidated budget deficit to more than double, from 6.8% to 15.7% of GDP for the existing fiscal year. detailed market analysis, data and review of South Africa. structure industry, including:
The report provides a thorough investigation of the structure industry in South Africa.
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Key Topics Discussed1 Analytical Summary2 Construction Industry: At a Glance3 Background3.1 Economic Performance3.2.Political and Political Environment3.3.Demography3.4.COVID-194 State Building Outlook 4.1.All Construction 4.1.1.Perspective4.1.2.Latest News and Advances 4.1.3.Construction Project Dynamics Index 4.2.Commercial Structure4.3.Industrial Structure4.4.Infrastructure Structure4.5.Energy structure and utilities4.6.Institutional structure 4.7.Residential structure5 Key industry participants 5.1.Entrepreneurs5.2.Consultants6 Construction Market Data For more information on this report, https://www.researchandmarkets.com/r/urx7uj
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