https://newsletter.en.creamermedia.com
Business|Construction|Energy|Environment|Projects|Renewable Energy|Solar
Business|Construction|Energy|Environment|Projects|Renewable Energy|Solar
business|construction|energy|environment|projects|renewable-energy|solar

Civil construction activity growth well supported, but sentiment remains low – survey

26th June 2024

By: Creamer Media Reporter

     

Font size: - +

The First National Bank (FNB)/Bureau for Economic Research Civil Confidence Index decreased to 44 points in the second quarter, from an eight-year high of 47 in the first quarter.

While slightly lower, activity growth remained well supported, while the pipeline of work improved noticeably, FNB reports.

“Projects related to renewable energy have continued to sustain civil construction activity; however, there seems to be a shift away from predominantly solar projects to wind,” FNB senior economist Siphamandla Mkhwanazi says.

He also points out that, while the index is still above the long-term average, sentiment remains relatively low.

“Given the underlying conditions, especially activity, confidence should be higher.

“However, uncertainty regarding the political environment and the impact of crime, corruption and government inefficiency is likely weighing on business confidence,” he notes.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Research Reports

Latest Multimedia

Photo of Martin Creamer
On-The-Air (20/09/2024)
20th September 2024 By: Martin Creamer
 

Showroom

AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 
Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mahindra SA celebrates 20 000th Pik Up unit
Mahindra SA celebrates 20 000th Pik Up unit
18th September 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.182 0.275s - 183pq - 2rq
Subscribe Now