The HardHat Economist

JUNK STATUS DOWNGRADE – WHAT ARE THE IMPLICATIONS TO THE CONSTRUCTION INDUSTRY?

JUNK STATUS DOWNGRADE – WHAT ARE THE IMPLICATIONS TO THE CONSTRUCTION INDUSTRY?

South Africa has recently been downgraded to Junk Status by the S&P Ratings agent.  Lungile Malinga, Equity Research Analyst, speaks to The HardHat Economist on what the implications of this downgrade means to the Construction industry. What is the Junk Status? Rating agencies rate a number of country’s local and foreign currency debt. When a country’s debt is in Junk Status – It means that it... »

THE SOUTH AFRICAN CONSTRUCTION INDUSTRY HAS SHED JOBS IN THE 3rd  QUARTER OF 2017

THE SOUTH AFRICAN CONSTRUCTION INDUSTRY HAS SHED JOBS IN THE 3rd  QUARTER OF 2017

According to the survey, Unemployment remained at 27.7% in the 3rd quarter, which is an increase from the 27.1% from the same quarter in 2016. This is still at the highest level since 2003.   Although the number of employed people increased by approximately 92 000 from Q2, this was offset by the working-age population that increased by approximately 156 000 people.   Seven of the 10 sect... »