Despite global doom and gloom, Stats SA in their latest gross domestic product (GDP) report, state that the construction industry in South Africa reportedly grew at a rate of 11.2% in the fourth quarter of 2020.

The South African Institute of Valuers (SAIV) has welcomed the State of the Nation Address (SONA) by President Cyril Ramaphosa on Thursday, 11 February.

Everybody knows that the construction industry has been reeling for a number of years, a casualty of an economy that seems to be going backwards and the lack of spending on infrastructure.

The negative effects of the COVID-19 pandemic and subsequent hard national lockdown cannot be overstated when it comes to the construction industry.

As a result of the lockdown in South Africa, 14% of construction companies permanently shut their doors, according to a survey by Statistics South Africa released in May 2020.

Oxford Parks is an architectural focal point along Oxford Road in Rosebank. On completion, this site will house five buildings on a master basement structure.

“Women in SA need to be given the opportunity to participate meaningfully, including in the construction industry,” said Department of Public Works and Infrastructure Minister Patricia de Lille.

Failure by construction industry players to comply with Covid-19 hygiene regulations and protocols could lead to site shutdowns which the industry can ill afford, says Databuild CEO Morag Evans, given that it was already in a severe slump prior to the outbreak of the pandemic.

The South African Gross Domestic Product (GDP) decreased by 2.0% in the first quarter of 2020, Statistics SA has revealed.

Following two months of hard lockdown, the development of a 2 047-bed student village at the University of Fort Hare (UFH) has resumed this week.

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