Economy

9 Economic Indicators that Construction Professionals should know

9 Economic Indicators that Construction Professionals should know

Practically any and every commercial operation in any economy is executed under some kind and form of construction – making construction the pulse of every economy’s heartbeat (Educational facilities have to be built to enable commerce, roads, commercial offices, shopping malls, sea ports, air ports, dams, houses, train tracks etc).  This makes construction the economic health indicator of the Sou... »

SA Unemployment rate – 3 things you should know

SA Unemployment rate – 3 things you should know

The results of the Quarterly Labour Force Survey (QLFS) for the second quarter of 2019 released by Statistics South Africa, indicate that the official unemployment rate increased by 1,4 percentage points to 29,0%. Here are other facts that you need to know about our current unemployment rate 1. Unemployment rate highest in 11 years There are two official sources of employment statistics in South A... »

6 Sectors That Benefit From A Booming Construction And Civil Engineering Industry

6 Sectors That Benefit From A Booming Construction And Civil Engineering Industry

One of the most staggering construction statistics came to the fore in 2015 when it emerged that China had consumed more cement in the three years between 2011 and 2013 than the United States had used in the entire 20th century. It’s an astonishing sign of the phenomenal scale of the construction industry in China but is also an indicator of the booming construction and civil engineering industrie... »

A NEW DAWN FOR UNEMPLOYMENT ALLEVIATION?

A NEW DAWN FOR UNEMPLOYMENT ALLEVIATION?

In the 4th quarter of 2017, the unemployment rate in South Africa decreased to 26.7% from 27.7% in Q1, Q2 and Q3.   Looking at specific sectors, job losses were as follows: • Finance and other business services: 92,000 • Mining: 39,000 • Trade: 25,000 • Transport: 5,000 • Utilities: 4,000   On the positive side; Manufacturing added 13,000 jobs – the highest number added. Construction and com... »