CESA survey highlights SA’s risks – construction sector confidence falls due to lack of government projects and slow pace of tender awards!
17 October 2022 The results of Consulting Engineers South Africa’s (CESA’s) Bi-annual Economic and Capacity Survey (BECS) for the period January to June 2022 just released, indicates an improved outlook for 2022 but projections remain below 2% for 2023/24 on the back of higher lending rates dampening potential investment demand and slower consumer demand. Pressure remains on government to increase investment in infrastructure, up the pace of tender awards, reduce the number of tender cancellations and put measures in place to arrest the increasing ‘brain drain’ of the country’s technical expertise....