The Construction in South Africa - Key Trends and Opportunities to 2028 (Q2 2024) report provides detailed market analysis, information, and insights into the South African construction industry, including :
The South African construction industry is however expected to rebound in 2025 and record an average annual growth rate of 3.5% during 2025-28, supported by investments in renewable energy, electricity, transportation, and industrial projects. The government aims to produce 26% of the total electricity from renewable energy sources by 2030. To achieve this goal, the state-owned electricity public utility company Eskom plans to invest ZAR106 billion ($5.7 billion) on the construction of wind farms and solar plants. The government’s focus on increasing the number of Special Economic Zones (SEZ) across the country will also support the industry’s growth over the coming years. The government plans to boost infrastructure development in the country by increasing public-private collaborations and partnerships with regional governments. In March 2024, the Deputy President of South Africa mentioned that ZAR230 billion ($12.4 billion) worth of infrastructure projects are in the construction phase as of March 2024. Growth during the forecast period will also be supported by the updated Integrated Resource Plan (IRP) to 2030 and 2050. This was revised in January 2024 and outlines the necessity to build substantial new capacity with a mix of nuclear power, renewables, clean coal, and gas to ensure reliable electricity supply and achieve a net zero electricity sector by 2050. This plan will be executed in two phases, one from 2023 to 2030 and the second from 2031 to 2050. It includes the addition of 29.3GW of new energy generation capacity in South Africa by 2030, including more than 7GW of new gas projects, 4.5GW of wind, and 3.6GW of solar PV.
- The South African construction industry's growth prospects by market, project type, and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the South African construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
The South African construction industry is however expected to rebound in 2025 and record an average annual growth rate of 3.5% during 2025-28, supported by investments in renewable energy, electricity, transportation, and industrial projects. The government aims to produce 26% of the total electricity from renewable energy sources by 2030. To achieve this goal, the state-owned electricity public utility company Eskom plans to invest ZAR106 billion ($5.7 billion) on the construction of wind farms and solar plants. The government’s focus on increasing the number of Special Economic Zones (SEZ) across the country will also support the industry’s growth over the coming years. The government plans to boost infrastructure development in the country by increasing public-private collaborations and partnerships with regional governments. In March 2024, the Deputy President of South Africa mentioned that ZAR230 billion ($12.4 billion) worth of infrastructure projects are in the construction phase as of March 2024. Growth during the forecast period will also be supported by the updated Integrated Resource Plan (IRP) to 2030 and 2050. This was revised in January 2024 and outlines the necessity to build substantial new capacity with a mix of nuclear power, renewables, clean coal, and gas to ensure reliable electricity supply and achieve a net zero electricity sector by 2050. This plan will be executed in two phases, one from 2023 to 2030 and the second from 2031 to 2050. It includes the addition of 29.3GW of new energy generation capacity in South Africa by 2030, including more than 7GW of new gas projects, 4.5GW of wind, and 3.6GW of solar PV.
Scope
This report provides a comprehensive analysis of the construction industry in South Africa. It provides :
- Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in South Africa, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
- Identify and evaluate market opportunities using the analyst's standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using the analyst's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
1 Executive Summary2 Construction Industry: At-a-Glance6 Construction Market Data
3 Context
4 Construction Outlook
5 Key Industry Participants
7 Appendix
List of Tables
List of Figures