Why we believe there’s hope for the South African construction industry

Recovery will take time, but we believe there’s hope for the country’s construction industry in 2021 and beyond. Here are some of the factors to consider.

COVID-19 losses are temporary

The impact of the pandemic and the lockdown on the construction industry will linger, at least for a year or two. However, the pandemic will end.

With gradual national and global recovery will come new investment – and construction projects that generate jobs and boost the industry.

Basic drivers for the industry are strong

Despite the country’s economic standing, the fundamental need for infrastructure remains.

Demand is high for better and more roads and other transport options, housing, power and other utilities and so on.

Government has already committed to using infrastructure projects to drive post-COVID-19 economic recovery.