The HardHat Economist

4 Reasons Why the SA Construction Industry Outlook Looks Promising

4 Reasons Why the SA Construction Industry Outlook Looks Promising

The construction sector in South Africa faced an exceptionally challenging 2017, reaching 17-year lows; however, it remains one of the economic engines of the country. The construction sector holds immense potential for advancement of the country’s general financial wellbeing, and according to this article the outlook is still promising here is why:  1. National Treasury Infrastructure spend Natio... »

3 Reasons why infrastructure assets are well suited for institutional investors

3 Reasons why infrastructure assets are well suited for institutional investors

Infrastructure assets have several characteristics that make them well-suited to institutional investors’ needs       »

WATCH: Swiftly Diverging Fortunes for South Africa and Kenya

WATCH: Swiftly Diverging Fortunes for South Africa and Kenya

An international consultancy and construction company, Mace has released its latest tender cost update for Sub-Saharan Africa, showing mixed performances for the region’s two most prominent economies. See below the summary of the report and watch the video. SOUTH AFRICA   Economy South Africa is still struggling to boost itself out of its recent slump. While recovered from the dismal growth of 201... »

SA GDP Q1 Results Disappointing, Outlook Remains Positive

SA GDP Q1 Results Disappointing, Outlook Remains Positive

                                                                       South African GDP for the first quarter of 2018 disappointed on a quarter on quarter seasonally adjusted annualised (qqsaa) basis to -2.2% (versus expectations of -0.7%), compared to growth of 3.1% qqsaa in Q4.17. The main contributor to the decline was the agricultural sector which fell considerably, by 24.2% qqsaa, after seei... »

Construction Jobs Not Enough to Drive Employment Increase 

Construction Jobs Not Enough to Drive Employment Increase 

The official unemployment rate released by Statistics SA remained unchanged at 26.7% in the first quarter of 2018, compared to the fourth quarter of 2017.   Youth unemployment (15-24 years) rose up from 51.1 % in the fourth quarter of 2017 to 52.4% in the first quarter of 2018.  The figure remained unchanged because although the number of employed individuals increased, the number of job seekers a... »